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Technology Stocks : Applied Magnetics Corp

APM 1.380

-2.8%

Nov 14 9:30 AM EST

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To: 777 Captain who wrote (11711)	4/8/1998 7:25:00 AM
From: T Bowl	Read Replies (1) of 12298

Captain - << (2): I talked to the company some time ago, and they had the write element "nailed", what problems are they having with the read element?>> The read side is the MR bit of the picture. See this for more details: appmag.com. << (1): RDRT already has the 2.8 out there, is there anything that will distinguish the APM product from what is already out there?>> I spoke to Crispy last week and he said that they have demonstrated 2.8, but that it is "a few months away." As far as I can tell APM is not in the picture at all for MR head at this time for anyone. WDC looks like they are now looking IBM/RDRT/APM. A big loss for RDRT and APM. RDRT apparently has lost Maxtor as well. That leaves very few customers left out there for anybody. The weakest players in this business are headed downhill quickly. This is not a stock I would be long(for the long haul) at the moment. Maybe a pop here or there, but I wouldn't bet much on their success. todd

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