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: Brian Lempel who wrote (11451)	3/12/1998 8:02:00 PM
From: Stitch	Read Replies (3) of 12298

Brian, Jonathon, I agree that AMC is on the brink. Jon, you mentioned "if they lose WDC". Well, except for end of life programs...they have. APM doesn't have any customers guys. But they do have one new willing buyer if they can qualify. Seagate...none other. Seagate's MR head manufacturing is in a world of hurt right now. Yields are terrible and they have been chasing the pronlem for well over 2 quarters. And, they are busily seeking outside suppliers. I am not at all confident in APM's ability to qualify. They dont have samples at the moment, in spite of what you may hear. In fact, they are at least 30 days away from new MR samples according to some of their customers. This is one stock I would neither short nor buy. Just too many ways to lose my money elsewhere that doesn't look so foolish. <g> Best, Stitch

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