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


To: CPAMarty who wrote (4365)12/6/1998 11:02:00 PM
From: NasdaqStud  Read Replies (1) | Respond to of 5058
 
Marty - I am in the due diligence phase here, although I did purchase some shares on Friday. I do not know much about this co's technology, but given the 12/1 press release, it appears that perhaps they are poised for significant growth. The release states that they expect 35 mill in revs in the first half of 99, accelerating thereafter. They only did about 20 mil for all of 98. New mgmt, new products.... Who knows. It looks interesting. Please call the CFO and we will compare notes. Also, I thought maybe Stitch would know something about this co and/or its technology. As the release states, they are shipping for a multibillion dollar storage co. (EMC, STK, CPQ, DELL)the Stud!!