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Technology Stocks : Applied Magnetics Corp

APM 1.545

+14.4%

10:45 AM EST

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To: Jonathan Bird who wrote (11027)	12/16/1997 4:47:00 PM
From: T Bowl	Read Replies (2) of 12298

The latest First Call Estimates are now: DecQ97 = ($0.78) - yes, that's loss MarQ98 = ($0.14) FY98 = ($0.83) FY99 = $0.40 That is changed from last week: DecQ97 = $0.39 MarQ98 = $0.34 FY98 = $2.36 FY99 = $2.10 If you figure 31million shares outstanding.. The old estimates expected APM to net $138million over the next 2 years. They now expect that they will lose $13million over the next two years. A difference of $151million to the bottom line. Anyone know what the CapExp was supposed to be for FY98? I cannot find it anywhere in the 10Qs or 10k96. FWIW, They were supposed to spend $140mil in FY97. Will they Just deplete their cash, borrow the money or sell Additional shares(chich I doubt there is a market for). Yet another question for Crisman. Jon Bird - I think this means book value would go down right? I hope so, cause I sold on your 130% book comment, and now I'm short again because of the above.(It's actually worse than I thought.) todd

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