Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.141

+3.8%

Dec 18 3:59 PM EST

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To: Don Earl who wrote (10550)	12/3/1997 11:36:00 AM
From: EyeDrMike	Read Replies (2) of 12298

<<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. >> i remember APM stating that yields were low; low yields effectively equals no capacity. <<We qualified for additional production programs in 1997,>> name the contracts. << and we continue to ship prototype and qualification samples of MR disk head products to selected customers for drive applications>> shipping prototypes does not equal EPS. <<The Company is increasing its investment in MR technology disk head products.>> why, if they're already capable of producing them? perhaps behind the curve? <<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>> hmmm, 5 months from now, and then they still need qualifications and contracts. they are very behind here, imo. What about EPS for next 2 or 3 Q's? Are shareholders just supposed to hold on til then? With only vague hopes to grasp? both eyes open here, can you say the same? regards, Mike

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