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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: JDN who wrote (10678)	12/6/1997 10:34:00 AM
From: EyeDrMike	Read Replies (3) of 12298

A question arose as to whether or not APM was the supplier for the WDC 3" drive whose termination was announced; some even speculated that RDRT was the head supplier for these drives. I e-mailed some questions to RDRT IR, and here is their response: 1. We do not supply WD with heads for their mobile product which they are terminating. Applied Magnetics is the supplier to this program which was a low volume program. APM is also the sole supplier for the 1.7 GB/disk advanced inductive product which WD is also terminating. 2. We have signed a development agreement with Seagate and will be developing MR recording heads for new high-end and desktop programs for Seagate. They are paying us a fee for the development efforts. Also, we are in final qualification with Seagate with our 2.1 GB per 3.5" disk MR heads and are hopeful we will begin shipping heads to them in the March 98 quarter. We are also in qualification with Seagate and four other customers with our 2.8 GB/disk MR heads and expect to begin volume production of this product in the March quarter. 3. Problems in Asia have almost no impact on RDRT. Hope this answers your questions. Steve Polcyn

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