History (1991): Read-Rite Acquires Conner Peripherals Thin-Film Head Plant

Read-Rite Corp. (Milpitas, CA) agrees to buy from Conner Peripherals (San Jose, CA) its thin-film head manufacturing plant in Penang, Malaysia, which employs about 1,200 people.

The deal involved an unspecified amount of Read-Rite stock.

This article is an abstract of news published on the former paper version of Computer Data Storage Newsletter on issue ≠45, published on October 1991.