Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.400

+2.2%

3:59 PM EST

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To: Spots who wrote (11247)	1/17/1998 4:35:00 AM
From: Bald Eagle	Read Replies (1) of 12298

<<Specifically, the company expects to have converted substantially to MR technology with a strong position in GMR technology within 2-6 months.>> I didn't think it was that fast. I've thrown my report out, but I remember them saying that basically they won't be making money in 1998, but should be back to profitability in 1999. In the meantime, I'm selling covered calls. If my shares get called away, then bye bye APM.

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