Hi EyeDrMike,
From the companies web site appmag.com
Development and commercialization of MR disk heads continue to
be a major investment for Applied Magnetics. In 1996 we entered
production on our first volume MR disk head program.
We qualified for additional production programs in
1997, and we continue to ship prototype and qualification samples of MR disk head products to selected
customers for drive applications that are expected to require areal densities of nearly 1,600 megabits per
square inch during 1997 and over 3,000 megabits per square inch in 1998.
From 10Q filed 8/8/97
sec.gov
The Company is increasing its investment in MR technology disk head products.
During April 1997, the Company completed its first clean room expansion of the
MR wafer fab in Goleta, California. This expansion is expected to be fully
equipped by October 1997, at a total estimated cost of $28.0 million. The
Company is currently underway with a second clean room expansion that is planned
to be completed by October 1997 and fully equipped by April 1998, at a total
additional estimated cost of $48.0 million. When fully equipped, this fab will
initially be capable of producing approximately 12 million HGAs per quarter,
assuming a pico form factor at comparable yields to inductive thin film. During
the second quarter of fiscal 1997, the Company's inductive thin film wafer fab
was converted to enable manufacturing of MR write heads. The combined fabs will
be capable of total output in excess of 40 million MR HGAs per quarter, assuming
a pico form factor, by the end of fiscal 1999.
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I'm reading this as when the last fab is compleated which will be capable of producing 12 million MR HGAs per quarter it will bring the total up to 40 million. 28 million now and another 12 comming up?
Regards,
Don |
