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Technology Stocks : Applied Magnetics Corp

APM 1.300

-2.3%

Dec 12 3:59 PM EST

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To: Rational who wrote (10584)	12/4/1997 4:25:00 PM
From: EyeDrMike	Read Replies (1) of 12298

APM is going to have to take a charge to closed out their thin film production, and ramp up their MR; all this will having few if any MR contracts. thin film is out and WDC just eliminated 3' drives, for which APM was a supplier. seems pretty bleak to me for next 3 quarters; can anyone here name the MR contracts that APM now services? or how much cash they will burn over the next year in the transition to MR from thin flim? If you think that this company isn't going to take a charge, i have a bridge to sell you; just look at WDC, a 95 million dollar charge, almost a dollar a share. Mike

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