| Business Summary | | Read-Rite
Corporation
is
an
independent
supplier
of
magnetic
recording
heads
for
the
hard
disk
drive
(HDD)
market.
The
Company
designs,
manufactures
and
sells
magnetic
recording
heads
as
head
gimbal
assemblies
(HGAs)
and
incorporates
multiple
HGAs
into
headstack
assemblies.
Read-Rite's
products
are
sold
primarily
for
use
in
HDDs
for
desktop
devices
and
for
high-performance
enterprise
HDDs
used
in
network
and
mainframe
applications.
The
Company
also
supplies
magnetoresistive
tape
heads
for
tape
drives,
including
multi-channel
heads
for
the
super
digital
linear
tape
drive
market. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RDRT
Corporation
designs,
manufactures,
and
markets
magnetic
recording
heads
and
head
stack
assemblies
for
storage
device
manufacturers.
For
the
nine
months
ended
6/30/01,
net
sales
rose
36%
to
$558.4
million.
Net
income
before
extraordinary
items
totalled
$28.4
million,
vs.
a
loss
of
$241
million.
Revenues
reflect
the
market
acceptance
of
the
Company's
20GB
per
platter
disk
drive
programs.
Earnings
also
reflect
the
absence
of
$130.1
million
in
restructuring
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Cyril Yansouni, 58 Chairman | $1.7M | Alan Lowe, 38 Pres,
CEO, Director | 720K | John Kurtzweil, 43 Sr.
VP of Fin., Legal and Information Systems Group and CFO | 595K | James Murphy, 40 Sr.
VP of Customer Bus. Units | 542K | Mark Re, Ph.D., 39 Sr.
VP, R&D | 700K | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|