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Technology Stocks : Applied Magnetics Corp
APM 1.310-3.0%Dec 11 3:58 PM EST

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To: Jonathan Bird who wrote (10854)12/8/1997 7:15:00 PM
From: Brian Lempel  Read Replies (2) of 12298
 
Jon, I appreciate your and everyone else's efforts on APM. However, I think everyone, including myself, is too biased to form a reasonable conclusion. Shorts or Longs will bend the release to their liking. All I can say is that we will know who's right tomorrow.

I can also say that I think this proves that things are going underway more smoothly than many thought. APM has enough customer support to see them through the transition. They are also unlikely to post a loss for the remainder of the year, when the transition's effects should be at its worst. So what we are left with is a $15 stock which is having a tough time, but stands to return to good profitability in the next year.

Brian
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