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Technology Stocks : Applied Magnetics Corp

APM 1.310

-8.4%

Nov 21 9:30 AM EST

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To: T Bowl who wrote (11084)	12/20/1997 2:46:00 AM
From: Jonathan Bird	Read Replies (1) of 12298

Todd, It seems as though at this point it is safe to say that WDC is at least 95 % of revenue or greater for APM. And that the remaining 5% if it still exists at all, is vanishing. It also appears, from all the data i've seen, that at this point APM's only shipping product to WDC is the 1.7 TFI. Do you find any indication that APM is qualified for ANY MR contracts at this time? The only APM MR contract that I have ever seen is for the cancelled 2.1 portfolio drive. They do indicate that qualifications are underway, but if you read through the past 10Qs you will see that this can commonly take 6-9 months. So basicly all of APM's current revenue stream is to WDC and for an outdated product that is being fased out. Can you disagree with any of the above analysis? Jon Bird

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