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Technology Stocks : Applied Magnetics Corp

APM 1.141

+3.8%

Dec 18 3:59 PM EST

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To: Stitch who wrote (11945)	5/16/1998 1:54:00 PM
From: Zeev Hed	of 12298

Stitch, in this case, the investment they have there (at least the concrete, I am not sure how much of the machinery is outdated, but in the last three years, a lot of it must have been depreciated) should not be "downgraded" and the balance sheet fairly represent their assets. The only other question is what is their "burn rate" and what are their plans. I understand that they have some MR already in "specification testing" with the DD's anyone has an inkling as to their chances of landing some OEM's? Zeev

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