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Short Take: Read-Rite invests in technology makeover

Read-Rite launched a three-year program to implement a new information systems strategy. The $15 million plan involves Read-Rite's financial, manufacturing, distribution, planning, and workflow information systems. The company said the investments are required for the company's global expansion. Read-Rite also announced multimillion dollar contracts with PeopleSoft, and Informix Software.