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Technology Stocks : Applied Magnetics Corp
APM 1.040-1.9%Jan 12 3:58 PM EST
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To: Glenn D. Rudolph who wrote (10117)11/1/1997 9:10:00 PM
From: Gary Ku  Read Replies (2) of 12298
 
Those so called analysts might know more than we do, but they
are working for special interests group not us. We have to do
research ourselves carefully.

APM is expanding fast and the future market is immense. The
developing countries with population ten times that of US is entering
into the computer age. The computer demand will be very strong.
Mr. Crissman may not be so popular among the investors, but he
is certainly leading the company in the right direction. The company's
technology is advancing fast, financial situation is getting stronger.
Sure the company could spend a lot of money for public relations and
boosts the stock price temporarily, but does it help the company in
the long run.

As to the so called major brokers, they didn't make the estimate
correctly. Why? They had a major stack in APM at that time, so
they make high estimates to sell their positions. They must know
last quarter's earnings was not .85 as they presented. Why? they
are not so stupid as not to know that earnings wouldn't be good
in the middle of product transition. One quarter's earnings didn't
meet their estimates doesn't mean the following quarters won't
have good earnings. Who knows the company's following quarter's
earnings best? The company's CEO himself. That's the reason the
company is increasing hiring fast to meet the growing demand of
its product and to gain larger market share and earning more money
for the share holders. I would estimate the next quarter's earnings
will be .90 and the next fiscal year's would be in the range of
4.00.
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