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Technology Stocks : Applied Magnetics Corp
APM 1.300-2.3%Dec 12 9:30 AM EST

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To: Peter Yang who wrote (10571)12/4/1997 5:56:00 AM
From: Craig Freeman  Read Replies (1) of 12298
 
Peter, APM's book value is $10 a share. And, there's another $8 a share in accumulated depreciation if you want to back-figure original cost to build. Worldwide hard drive sales are growing so those assets are likely to look mighty fine to a competitor making a build-or-buy decision.

Even if you assign $0 in value to patents, processes, personnel and purchase premium, I still can't find my way down to an $8 share price as you suggested.

Craig
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