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Technology Stocks : Applied Magnetics Corp

APM 1.320

-1.5%

Dec 9 3:59 PM EST

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To: Don Earl who wrote (10886)	12/9/1997 10:05:00 AM
From: William T. Katz	Read Replies (1) of 12298

Don, You're not looking at my numbers. The $0.32 is the best case number using 29% gross margins which they will not meet. My revised numbers are $0.15 to $0.25, and I think the $0.15 is probably close to best case since the margins will be hurt by the shift in mix and decrease in volume production. That said, I'm closing 1/2 my shorts between $13 and $13 3/8. My long side inclination and need for the cash is winning out ... buying more QNTM. -Bill

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