Advertisement
YOU ARE HERE: LAT HomeCollectionsRead Rite Corp
IN THE NEWS

Read Rite Corp

FEATURED ARTICLES
BUSINESS
May 6, 1997 | JAMES BATES
TIMES STAFF WRITER What's in a name? For public companies in California, it was Datathis Inc. or Datathat Inc. back in the 1980s, when virtually every garage-based high-tech company was seemingly sprouting into a major publicly held company. In the feel-good '90s, try "For Better Living" or "Excite Inc." There's the bubbly "Affymetrix." And don't forget the friendly "Hello Direct Inc." or helpful "Edify Corp."
ARTICLES BY DATE
BUSINESS
May 6, 1997 | JAMES BATES
TIMES STAFF WRITER What's in a name? For public companies in California, it was Datathis Inc. or Datathat Inc. back in the 1980s, when virtually every garage-based high-tech company was seemingly sprouting into a major publicly held company. In the feel-good '90s, try "For Better Living" or "Excite Inc." There's the bubbly "Affymetrix." And don't forget the friendly "Hello Direct Inc." or helpful "Edify Corp."
Advertisement
BUSINESS
April 27, 1993
Companies ranked by total employees worldwide in 1992. Total Calif. % Rank Company Emplys Emplys Calif 1 Hewlett-Packard Co. 92,600 25,000 27 2 BankAmerica Corp. 83,200 NA NA 3 Safeway Inc. 78,538 14,000 18 4 Rockwell International 77,000 22,000 29 5 Lockheed Corp. 71,000 NA NA 6 Walt Disney Co. 70,000 17,500 25 7 Hilton Hotels Corp. 70,000 6,930 10 8 Pacific Telesis Corp. 61,346 54,288 88 9 Chevron Corp. 55,123 18,000 33 10 Dole Food Co. Inc.
BUSINESS
April 25, 1995
Companies ranked by total number of employees worldwide in 1994. Total Calif. % Rank Company employees employees Calif. 1 Safeway Inc. 110,000 NA NA 2 BankAmerica Corp. 98,556 58,000 59% 3 Hewlett-Packard Co. 98,400 27,000 27% 4 Lockheed Corp. 82,500 22,499 27% 5 Walt Disney Co. 74,000 18,000 24% 6 Rockwell Int'l Corp. 71,891 18,100 25% 7 Seagate Technology Inc. 53,000 3,175 6% 8 Pacific Telesis Group 48,000 48,000 100% 9 Dole Food Inc. 46,000 7,149 16% 10 Chevron Corp.
BUSINESS
April 25, 1995
Companies ranked by total number of employees worldwide in 1994. Total Calif. % Rank Company employees employees Calif. 1 Safeway Inc. 110,000 NA NA 2 BankAmerica Corp. 98,556 58,000 59% 3 Hewlett-Packard Co. 98,400 27,000 27% 4 Lockheed Corp. 82,500 22,499 27% 5 Walt Disney Co. 74,000 18,000 24% 6 Rockwell Int'l Corp. 71,891 18,100 25% 7 Seagate Technology Inc. 53,000 3,175 6% 8 Pacific Telesis Group 48,000 48,000 100% 9 Dole Food Inc. 46,000 7,149 16% 10 Chevron Corp.
BUSINESS
February 17, 1988
James D. Downey has been named president and chief operating officer of Read-Rite Corp., Milpitas, which makes thin-film magnetic heads, primarily used for the manufacture of hard-disk drive assemblies. Downey previously was senior vice president of Advanced Micro Devices.
BUSINESS
April 27, 1999 | Bloomberg News
Read-Rite Corp., the No. 1 maker of recording heads used in computer disk drives, said it will cut 2,500 employees, or 14% of its work force, as it reported a second-quarter loss that was more than double what analysts had forecast. The Milpitas, Calif.-based company lost $19.4 million, or 39 cents a share. Revenue was up 10% to $206.2 million. Most of the job cuts will come in Asia. Read-Rite fell 31 cents to close at $6 on Nasdaq.
BUSINESS
December 9, 1993 | MARTHA GROVES
Just in time for the holidays, here's something for the investor who has everything--what could be the first multimedia research report about a firm. The compact disc with 2 1/2 hours of video features interviews with executives of Read-Rite Corp. of Milpitas, Calif., and a factory tour, along with financial details. Read-Rite makes parts for disk drives, the devices that store data in computers.
BUSINESS
February 28, 1997 | Times Staff and Wire Reports
Applied Magnetics Corp.'s stock fell 16%, further cutting the value of its offer for rival Read-Rite Corp. and placing the bid in jeopardy, analysts said. Applied Magnetics shares fell $7.25 to close at $38 on the New York Stock Exchange. Based on Thursday's share price, its offer for Read-Rite is worth $1.22 billion, $580 million less than when the offer was made Monday. Analysts questioned whether Goleta-based Applied Magnetics will go through with the bid, now worth $25.80 a share.
BUSINESS
January 6, 1998 | Bloomberg News
Read-Rite Corp. said fiscal first-quarter earnings will fall below expectations as a result of weak demand, the second profit warning in less than two months from the maker of recording heads used in computer hard disk drives. The Milpitas-based company blamed the shortfall on "reduced shipments" in the last two weeks of the quarter ended Dec. 28, adding that it will report revenue of about $261 million. Read-Rite said Nov.
BUSINESS
April 27, 1993
Companies ranked by total employees worldwide in 1992. Total Calif. % Rank Company Emplys Emplys Calif 1 Hewlett-Packard Co. 92,600 25,000 27 2 BankAmerica Corp. 83,200 NA NA 3 Safeway Inc. 78,538 14,000 18 4 Rockwell International 77,000 22,000 29 5 Lockheed Corp. 71,000 NA NA 6 Walt Disney Co. 70,000 17,500 25 7 Hilton Hotels Corp. 70,000 6,930 10 8 Pacific Telesis Corp. 61,346 54,288 88 9 Chevron Corp. 55,123 18,000 33 10 Dole Food Co. Inc.
BUSINESS
April 27, 1993
Companies ranked by growth in profit from 1991 to 1992. 1992 Profit % Change Rank Company ($ Millions) 1991-92 1 Wells Fargo & Co. 283.0 1,248 2 Transamerica Corp. 342.9 660 3 Adaptec Inc. 42.0 307 4 Informix Corp. 47.8 292 5 Amgen Inc. 357.6 265 6 Countrywide Credit Indus. 123.0 173 7 Unocal Corp. 196.0 168 8 Oracle Systems Corp. 89.0 165 9 Litton Industries 176.8 158 10 Cisco Systems 122.4 108 11 Clorox Co. 122.0 102 12 Read-Rite Corp. 55.4 101 13 Merisel Inc. 19.7 82 14 Sunamerica 84.
Los Angeles Times Articles
|