Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.400

0.0%

Nov 10 3:59 PM EST

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To: Glenn D. Rudolph who wrote (11432)	3/7/1998 11:21:00 AM
From: Robert T. Quasius	Read Replies (2) of 12298

Short term I am bearish because it will take a while for APM to ramp up MR production. At the same time, the entire sector is depressed due to reports of excess inventory, etc. It will take 2-3 quarters to wring out the bad news and see some positive movement. I am also long INVX, which has perhaps even better prospects than APM, but my time frame is the same as for APM. INVX at least is making a profit, and earnings are flat.

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