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Technology Stocks : Applied Magnetics Corp

APM 1.215

-3.6%

1:23 PM EST

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To: Mark Adams who wrote (11097)	12/20/1997 4:56:00 PM
From: Jonathan Bird	Read Replies (1) of 12298

Also, APM is reviewing it's plans, and may not need to expend 170 million given the strategy changes. One of the links Don posted recently reiterated that you use the same equipment to produce MR/GMR heads as TFI, but need to add a few pieces here and there for some additional steps. I'm gettting the impression that APM is in a spend or die situation. They have some catchup to do. And 170 million doesn't sound like "a few pieces here and there". The future of the company depends on these improvements. It seems to me they will take any steps necessary to complete them. Jon Bird

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