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Technology Stocks : Applied Magnetics Corp

APM 1.100

-12.7%

Dec 17 3:59 PM EST

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To: Grommit who wrote (10548)	12/3/1997 8:59:00 AM
From: EyeDrMike	Read Replies (2) of 12298

lost contract? in yesterdays announcement, WDC said they will stop making the 3 inch drive; from the following announcement, it sounds like APM was the supplier for this drive: IRVINE, Calif.--(BUSINESS WIRE)--Aug. 25, 1997--Western Digital Corp. (NYSE:WDC) Monday announced the company's implementation of magneto-resistive (MR) head technology across its hard drive product platforms. MR head technology is featured in the mobile platform with the currently shipping 2.1 GB, 3-inch WD Portfolio hard drives, as well as in the WD Caviar 6.4 GB 3.5-inch desktop hard drive program now in pilot production. The WD Enterprise Ultra SCSI hard drives implementing MR heads will be released in Q4CY97. Applied Magnetics Corp., IBM Corp., Read-Rite Corp. and TDK Corp./SAE have been selected as MR head suppliers for the respective programs. Mike

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