Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Veeco Instruments-Who? -- Ignore unavailable to you. Want to Upgrade?

To: Mark Ivan who wrote (1967)	3/24/1999 1:37:00 PM
From: geoffrey Wren	Respond to of 3069

I wonder if Read-Rite's warning yesterday is carrying over. I see that Nanometrics is down big today as well. Yesterday's Read-Rite warning was: Tuesday March 23, 5:59 pm Eastern Time Company Press Release SOURCE: Read-Rite Corporation Read-Rite Expects Loss for Second Quarter Fiscal Year 1999 MILPITAS, Calif., March 23 /PRNewswire/ -- Read-Rite Corporation (Nasdaq: RDRT - news) today announced it expects sales for the second quarter ending March 31, 1999 to be approximately 10% below the $230.2 million reported for the first quarter ended December 31, 1998, and the company will report a loss for the second quarter. Read-Rite Corporation will release results for the quarter at the close of market on April 14, 1999, and will have further comments at that time. 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 on the World Wide Web can be reached at readrite.com. Down two pints today. Need a transfusion. I sold 2-3rds my holding near the high. Obviously should have sold it all. Geoff

To: Mark Ivan who wrote (1967)	3/24/1999 1:51:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 3069

Mark, I have been warning about the tie up of VECO with the DD market and I believe that VECO's recent collapse is indeed tied to that group. Furthermore, VECO's ties with IBM are weakening, and thus the IBM/EMC deal can be construed as a temporary set back for VECO. Having broken through $35 the next resistance is $27, which I am pretty sure we will see in the next two months (after a little bounce here going into "window dressing" and very early April 401 K money flows), and we might even go to the low twenties. Zeev