Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.350

+0.7%

Nov 28 12:59 PM EST

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To: Jonathan Bird who wrote (11214)	1/14/1998 12:01:00 PM
From: Dave Chanoux	Read Replies (1) of 12298

I was surprised by the loss. The revenue did not surprise me. I need to spend some time to understand the press release. I am holding a small long position. Why? Because it is so small. I took a long position in the high teens with 1/4 of the funds designated for this investment. Like putting your toe in the water instead of just jumping in. I expect that the worst is yet to come in business news and results. Has the market taken this into account with the current price? I don't know. Dave Chanoux

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