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Technology Stocks : Applied Magnetics Corp
APM 1.100-12.7%Dec 17 3:59 PM EST
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To: Brian Lempel who wrote (10794)12/8/1997 5:14:00 PM
From: Rational  Read Replies (1) of 12298
 
Brian:

My reason for why shares might be issued was possibly to raise new equity capital since getting debt would be tough for APM now: Remember that APM will have to spend a lot of $$$ during the transition, This may be why APM is asking for authorizing more shares in the next annual shareholders' meeting.

Sankar
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