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Technology Stocks : Applied Magnetics Corp

APM 1.325

-1.1%

12:02 PM EST

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To: Brian Moore who wrote (11110)	12/21/1997 9:42:00 PM
From: Brian Lempel	Read Replies (1) of 12298

Brian, I agree that Vinik contributed to both the rise and fall to some extent. However, the rise to $60 was due to the good fundamentals at the timr, and the continued rosy outlook. The failed takeover caused the stock to fall off from $60. Vinik selling caused it to go to $24, but then there was a rise to $38 (where I sadly bought). MR contract was announced, added to the S&P small cap, awesome earnings estimates. Everything looked great. The rest is history. The fall from $38 to current price is based on detiororating fundamentals, not Vinik (who is long gone). Brian

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