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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: Don Earl who wrote (10894)	12/9/1997 3:01:00 PM
From: Jonathan Bird	Read Replies (3) of 12298

Don, I appreciate you posting this info. WDC did not drop 1.7 TFI. Did he at least acknoledge the WDC has made statements to the contrary? Some kind of screwup? The exchange rate on Korean currency is very favorable to APM. This was the case last Qtr as well. APM is capable of producing considerably more MR than they are, but TFI is what customers are buying and orders should continue for at least another 12 months. You need to know that APM has been saying this for quite some time. In fact it seems to be the standard song and dance when someone calls him. Obviously it hasn't helped the share price any. Is this perhaps code for "nobody is buying our MR"? Or perhaps, "We can't produce it efficiently enough to make any money yet?" RDRT doesn't seem to have any problem finding MR customers. Just a warning Don.(sorry,yes another) In the past when people have called APM, it has always produced confidence in the longs. But if you talk to those longs now they will tell you that they sorely regret having ever talked(or heard) to Craig Crismum. You woud be wise to learn from those that have come before you. Still more downside to come. Sorry. Jon Bird

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