Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.090

-5.2%

3:59 PM EST

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To: Richard Tsang who wrote (10418)	11/19/1997 12:05:00 AM
From: Greg Jung	Read Replies (1) of 12298

Richard go back a ways, this is old news. Mid-summer Seagate warned. Then they warned again. Then they didn't meet the estimate. Read-rite also warned analysts to lower their estimates, etc. These conditions are already recognized, analysts estimates are always on the optimistic side - how else do you suppose they can justify "buy" or "attractive". Seagate is already at dead-bottom valuation and this stock is supposed to be the "leader". I think we saw the most of the effect yesterday and today. Greg

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