Yahoo! FinanceHome - Yahoo! - Help

Market Guide

[ Stock Screener | Company & Fund Index | Financial Glossary ]

Profile - Read-Rite Corp. (NasdaqNM:RDRT)
As of 31-Aug-2001
Enter symbol:
symbol lookup

 
More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options | Financials | Reports
Location
44100 Osgood Road
Fremont, CA 94539
Phone: (510) 683-6100
Fax: (510) 683-7060
Email: investor.relations@readrite.com
Employees (last reported count): 11,621
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Technology
 ·Industry: Computer Storage Devices
Company Websites
 ·Home Page
 ·Investor Relations
 ·Yahoo! Category

 ·Search Yahoo! for related links...

Index Membership
 ·S&P 600 SmallCap
Ownership
·Insider and 5%+ Owners: 24%
·Over the last 6 months:
 · one insider sell; 50.0K shares
  (0.2% of insider shares)
·Institutional: 68% (90% of float)
(235 institutions)
·Net Inst. Buying: 721.0K shares (+0.88%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
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

Officers[Insider Trade Data]
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
Statistics at a Glance -- NasdaqNM:RDRTAs of 31-Aug-2001
Price and Volume
52-Week Low
on 20-Dec-2000
$2.875
Recent Price$4.70 
52-Week High
on 5-Oct-2000
$12.375
Beta2.60 
Daily Volume (3-month avg)1.14M
Daily Volume (10-day avg)619.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-48.1%
52-Week Change
relative to S&P500
-30.4%
Share-Related Items
Market Capitalization$559.5M
Shares Outstanding119.0M
Float90.5M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$2.69 
Earnings (ttm)-$0.42 
Earnings (mrq)$0.08 
Sales (ttm)$6.77 
Cash (mrq)$1.14 
Valuation Ratios
Price/Book (mrq)1.75 
Price/EarningsN/A 
Price/Sales (ttm)0.69 
Income Statements
Sales (ttm)$704.4M
EBITDA (ttm)$141.7M
Income available to common (ttm)-$14.1M
Profitability
Profit Margin (ttm)-2.9%
Operating Margin (ttm)1.5%
Fiscal Year
Fiscal Year EndsSep 30
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-3.91%
Return on Equity (ttm)-7.05%
Financial Strength
Current Ratio (mrq)1.68 
Debt/Equity (mrq)0.24 
Total Cash (mrq)$135.9M
Short Interest
As of 8-Aug-2001
Shares Short2.17M
Percent of Float2.4%
Shares Short
(Prior Month)
2.86M
Short Ratio2.35 
Daily Volume923.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

Market Guide offers more in-depth Company Research, Stock Screening, and Hottest Stocks and Industries on over 10,000 U.S. Equities.


Copyright © 2001 Yahoo! Inc. All Rights Reserved. Privacy Policy - Terms of Service
Company information Copyright Market Guide. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither Yahoo nor any of its data or content providers (such as Market Guide, CSI, etc.) shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.