Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.380

-2.8%

3:46 PM EST

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To: Bill Lin who wrote (11539)	3/23/1998 1:39:00 PM
From: Greg Jung	Read Replies (1) of 12298

ibm(disks) >> RDRT >> APM "i've looked at rdrt's financial past. it sucks. is the rdrt mgmt new or better or ???" I think ??? is the most correct. APM had three quarters of rolling in the dough while rdrt went for more pain - presumably at the time, a lesson APM had learned in the previous technology transition. WDC had parallel plan. Then the last TFI heads didn't qualify so well, Toshiba began dumping, and WDC retreated from the TFI strategy so APM also. These are one-horse stocks with a concentrated customer base. So in the good times I think they should be earning a profit instead of making excuses and taking recurring one-time charges. Greg

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