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Technology Stocks : Read-Rite
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To: CPAMarty who wrote (4209)10/28/1998 9:34:00 PM
From: Geoffrey  Read Replies (1) of 5058
 
I think ( APM ) is in real trouble. They have said that the next 2 quarters will be ugly and that MR shipments will not happen until fiscal q2. The balance sheet looks bad. Chapter 11 may be the only way to protect the 71 million in cash. Current asset $107 mill / current liabilities $ 94 mill. Several more bad qtrs and they are toast.

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