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Technology Stocks : Applied Magnetics Corp
APM 1.400+2.6%Nov 7 9:30 AM EST

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To: Zeev Hed who wrote (11254)1/17/1998
From: Frodo Baxter  Read Replies (1) of 12298
 
>Alien, the very negative feelings on this thread are telling me to start and look for a bottom somewhere here.

The bottom is zero.

>...but I also think that this company has enough cash on hand to get back into the game, eventually.

12/27/97:
Cash: 131 mln
Bank Notes: 50 mln
Long-term debt: 116 mln

Gee Zeev, if you lend me 166 million, I think I can show 131 million in my bank account. I'll piss away the rest.

If you have an argument more compelling than "Well heck, it can't go much lower now," I'd love to hear it.
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