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Technology Stocks : Applied Magnetics Corp

APM 1.050

-0.9%

10:30 AM EST

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To: Epics who wrote (10089)	10/30/1997 6:32:00 PM
From: Larry Brew	Read Replies (2) of 12298

Epics, ' somethings up '' Agree. Southeast Asia problems should not be a factor in APM's performance. They're just a pass through point, if I'm not mistaken. The sum effect of devaluation in Asia should result in nothing to affect assembly costs to APM. Am I incorrect to assume Asia is nothing more than a labor force for APM? Something stinks, but I can't find the rotten egg in APM's fundamentals. Don't believe it's MR conversion. Technology can be bought. One suspicion is that the current market place is saturated and it's a little too early for tomorrow's revolution with digital t.v., video streaming, etc. It's getting really hard NOT to increase my position, but I believe the market could reach 5700 - 6400 with normal multiples of the sp500 between 16 - 18. I think at 8200 the multiple was 23. t2k

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