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

To: Mark Oliver who wrote (4419)	12/16/1998 9:04:00 PM
From: Ted The Technician	Read Replies (1) \| Respond to of 5058

Read-Rite Shipping Western Digital MR Heads for its 4.3 GB per Platter Desktop Program Wednesday December 16, 9:01 am Eastern Time Company Press Release SOURCE: Read-Rite Corporation MILPITAS, Calif., Dec. 16 /PRNewswire/ -- Read-Rite Corporation (Nasdaq: RDRT - news) today announced it is shipping magnetoresistive (MR) heads for Western Digital's 4.3 GB per platter hard disk drive program. Read-Rite's shipment of headstacks to Western Digital, containing 2 to 6 MR heads, commenced last month. The headstacks are incorporated into Western Digital's Caviar desktop program supporting drive capacities ranging from 4.3 GB to 13 GB. ''We are pleased to be a primary supplier on Western Digital's advanced MR program,'' said Alan S. Lowe, president and chief operating officer of Read-Rite. ''Our strong relationship with Western Digital continues to help bring leading edge programs to market'', he added. Read-Rite Corporation is one of the world's leading independent manufacturers of MR recording heads, head gimbal assemblies (HGAs) and head stack assemblies (HSAs) for disk drives and magnetoresistive heads for tape drives. The company is headquartered in Milpitas, California and has operations in Japan, Thailand, the Philippines and Singapore. The company's home page can be found at readrite.com. SOURCE: Read-Rite Corporation