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Technology Stocks : Applied Magnetics Corp

APM 1.250

-2.3%

3:34 PM EST

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To: Jonathan Bird who wrote (10967)	12/10/1997 9:28:00 PM
From: Think4Yourself	Read Replies (1) of 12298

<There is no way its gonna make earnings this QTR at 39 cents.> I agree, I can't see any for them to make it. I don't even think they will turn a profit to be honest. The sector is in very bad shape and it's not showing any signs of letting up. APM stands to get hurt much worse than RDRT due to their substantially lower volume. BTW Seagate announced this afternoon that they are closing their Ireland drive plant. Ken

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