Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.140

-2.6%

Dec 26 9:30 AM EST

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To: william Velmer who wrote (10500)	11/27/1997 9:05:00 PM
From: AlienTech	Read Replies (1) of 12298

APM might be a great company, but some of us have been following this company quite a bit and none of us could belive that the company management would do anythign to hurt its shareholders. Well they did, they painted a rosy picture and then missed estimates by a very wide margin. I have always mainted that we should be very careful in this stock, a lot more than a lot of other stocks.. But even I was blind sided. When it was the the mid 30's we were saying gee with a P/E of less than 10 how low can it go.. well.. The same was said for the people who bought in the 50's the 40's the 20's as well.. APM is a very risky stock. WDC has a much much much brighter future and better prospects. techstocks.com techstocks.com techstocks.com exchange2000.com Dont let things belind side you no matter what. 16 might look cheap but belive me its not! Althought the downside is a lot less now than at 20 or 30 or 40 or 50..

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