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Technology Stocks : Applied Magnetics Corp

APM 1.345

-3.9%

Dec 5 9:30 AM EST

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To: James F. Hopkins who wrote (11862)	5/10/1998 2:14:00 AM
From: Donald Isenhower	Read Replies (1) of 12298

Just to add some more points to consider for those who think they know where APM is headed (up OR down). One might consider just how fast APM customers change. WDC has been 79%, 44%, and 9% of APM's business in 1997, 96, and 95. SEG was negligible in 97, 13% in 96 and 41% in 95. QNTM's percentages for the same years were 2%, 10%, and 8%. (all numbers from 1997 10K) So if a customer like WDC can go from 9% to 79% of their business in two years, things can change so quickly that trying to guess long-term seems hopeless (particularly with no information from APM). This is precisely why I made a major mistake in not taking more profits when APM hit the $30-60 range. It isn't exactly a long-term growth stock (just look at its prices over 10-15 years), but offers great chances to make and lose money! But without such challenges, why would I be typing this at 2 a.m.? <gg> Donald (of course one could have doubled one's money this year on something as boring as Bethlehem Steel.....)

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