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Technology Stocks : Applied Magnetics Corp

APM 1.410

-2.1%

Nov 4 3:59 PM EST

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To: Dave Chanoux who wrote (11293)	1/21/1998 8:09:00 PM
From: Mark Adams	Read Replies (4) of 12298

I hold APM long, and rather than aggrevate the shorts, I remain mostly silent. However, today I can't resist pointing out that RDRT announced the loss I've been expecting, of $1.88. I'd like to point out that this exceeds APM's loss of 1.67. I'd also like to say that the Seagate conference call shocked me. These guys weren't holding much back. They did say that they were exiting the OEM head supply having shipped appx 1 milloin heads (over what period wasn't clear to me), looked to maintain 20% outside sourcing of heads\platters etc for flexibility, and most importantly, were just now phasing out TFI. The last TFI platters ship when the Ireland Factory closes. Note that a big chunk of Seagates charges relate to closing of a TFI facility. Hmm. So APM is completing it's MR transition in phase with not only RDRT, but with SEG.

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