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Technology Stocks : Applied Magnetics Corp
APM 1.050-0.9%10:30 AM EST
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To: Greg Jung who wrote (10041)10/29/1997 10:34:00 PM
From: skycapten  Read Replies (3) of 12298
 
Greg:

You are probably right to hang in there if you believe.

Re: your comments -

Lower growth rates than earlier expected meant that with $4+ estimates reduced to $2+ range next year
and $3.50 range in 99, that must lower the rolling estimated growth rate down from 25% over the next few years.

Chuck Haggarty at WDC definately did pre-warn about two weeks ahead and assisted analysts with new estimate that they later hit. The effect was not as dramatic as APM's.

Bill
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