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

To: TimKP who wrote (4063)	9/23/1998 10:45:00 AM
From: Mark Oliver	Respond to of 5058

Clearly, Read Rite has the most interesting development at this year's Diskcon. I think they have regained a lot. Everybody is talking about it. Speaking to Lucent, they say their PRML was used and that it was not their best product, so he figured it wouldn't take much for them to boost those numbers. Also, it seems clear that many people are talking about how well Maxtor has been doing which is again good for RDRT as they are the biggest customer. I've also learned interesting things are Rite Flex which is developing a flex circuit for connecting heads. They may have 3 programs for head interconnect, of which I heard one is at Seagate. I also hear that they are selling head to SEG for their Taos drive. The Rite Flex technology is a product of RDRT's equity investment in Tessara which is one of the most popular companies developing new packaging technologies for semiconductors. They are combining engineers from both groups. The market for these flex circuits should be greater than the head business, so if can gain serious market share here it would be extremely good. I was impressed enough to buy some stock. It seems undeniable that they are on a come back. Regards, Mark

To: TimKP who wrote (4063)	9/23/1998 11:27:00 AM
From: Stitch	Read Replies (2) \| Respond to of 5058

TimKP, I have to concur with Mark's post but , I am also at Diskcon, and hearing much the same as Mark is. It looks as though RDRT may very well be putting the right things in motion. I still hear troubling storys of organizational confusion, especially amongst the RDRT vendor base. But I believe that this is a problem that has been recognized internally and will be changed over time. I see evidence of that in SE Asia where organization changes suggest a more traditional heirarchial structure. I also have seen their head stack assembly plant in manila where they are doubling there capacity with a new building. The current factory is at full capacity again. This is a good sign of renewed order levels. I hope this is not just a seasonal event and that renewed business levels are sustainable through the current buying. I believe that the DD industry is slowly making its way out of its morass and now believe that RDRT may be in a position to regain previously lost ground. I am also back to long on RDRT. Best, Stitch