Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.070

+0.9%

Jan 2 9:30 AM EST

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To: AlienTech who wrote (10346)	11/15/1997 7:50:00 AM
From: Helios	Read Replies (2) of 12298

It's pretty clear now. APM will undergo a crash program to convert completely to MR and spend plenty of bucks to do it. Short term their earnings will be down or non existent. Long term they will probably recover any lost business from RDRT since it is in the interest of the WD and others to have multiple suppliers. The high margins that attracted many of us to APM in the first place were at least partly due to money not being spent on the conversion. I think it is best to wait a quarter before getting back into this stock no matter how low the price goes.

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