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

To: Stitch who wrote (4080)	9/26/1998 1:27:00 AM
From: La Traguhs	Read Replies (2) \| Respond to of 5058

Stitch, I'm getting nasty rumors that RDRT is up against the wall getting additional financing and is or will be in default on all of it's bank covenants. A RDRT exec (to be un-named) was said to be in Japan two weeks ago chatting with the likes of Fujitsu, TDK and Yamaha for financial support via a merger, without any positive results. These folks are starting to concern me. Their recent quals have not been as first or second sources on any of their customer's major programs of sufficient size that could lead to any revenue recovery in the December quarter. Tell me something to stay the course with my RDRT investment. Regards, LT