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Technology Stocks : Read-Rite -- Ignore unavailable to you. Want to Upgrade?


To: Bald Man from Mars who wrote (3937)8/11/1998 9:19:00 PM
From: TimKP  Read Replies (1) | Respond to of 5058
 
I was just glancing over RDRT balance sheet from last qtr. If I read things correctly they have about $150M cash left. Based on the last two or three qtrs, they've been losing about $50M per quarter (excluding restructuring charges, etc.). So it seems they have cash for about 3 qtrs if results do not improve.

What are the implications of this? (I am way out of my league with this kind of stuff). Thanx for any enlightenment. Also, kind of quiet here today.