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

To: CPAMarty who wrote (4151)	10/18/1998 9:47:00 PM
From: Stitch	Read Replies (3) \| Respond to of 5058

Marty, <<Was MKE in the picture previously when RDRT was suppling heads to QNTM in the recent past?>> Mitsubishi Kotobuki Electronics has been a manufacturing partner for Quantum since 1984. However, in January, 96 the relationship was upgraded to include all disk drive products. I don't know what current estimates are but at one time MKE manufactured as much as 80% of product designed and sld by Quantum. Then in Spring of 97 Quantum announced that they were entering a JV with MKE to which Quantum turned over the assets and liabilities of their head operations in Louisville,CO, Shrewsbury, MA, and Batam, Indonesia. At that time I assume an infusion of cash occurred in the beleagured maker of MR and TFI heads. You won't find any web links to MKE I suspect. They are a very low profile manufacturer of not only QNTM products but also CD Roms, LS-120 hi density floppy disk drives, and sound cards among others. Best, Stitch