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Technology Stocks : Applied Magnetics Corp

APM 1.300

-2.3%

Dec 12 3:59 PM EST

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To: T Bowl who wrote (10570)	12/4/1997 4:01:00 AM
From: Don Earl	Read Replies (2) of 12298

Hi Todd, I did as you suggested and checked out the H&Q update. I also took some time to look at some WDC and APM 10Q info. What I was looking for is either not immediately obvious or is not there. What revenue produces a flat quarter for WDC? and, What % of APM income comes from WDC? For example: If WDC sales drop by 20% from last quarter, and 40% of APM income comes from WDC. That would be an 8% decrease in APM revenue from last quarter. Do you have the numbers? I don't. WDC is taking an .85-.95 per share one time charge against earnings this quarter. I don't have any problem accepting the fact that that will affect WDC EPS estimates for FY 98. I don't own any WDC. I own APM. Being called strange isn't that big a deal. I've probably been called worse by people I respect more. On the other hand, I can see where at a certain point it would probably become offensive. As I've mentioned before I place a great deal of value on the input of opposing view points. The information and opinions have already paid off in additional avenues of research that had not occured to me. I still can't find anything that suggests this is a terrible investment at current levels. I will continue to do my homework, but unless I can find some kind of overwhelming evidence that APM can't make .40 EPS this quarter, I'll play it long and avoid investment advice from those with a vested interest in my selling. Regards, Don

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