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Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: Greg Jung who wrote (10041)	10/29/1997 10:34:00 PM
From: skycapten	Read Replies (3) \| Respond to of 12298

Greg: You are probably right to hang in there if you believe. Re: your comments - Lower growth rates than earlier expected meant that with $4+ estimates reduced to $2+ range next year and $3.50 range in 99, that must lower the rolling estimated growth rate down from 25% over the next few years. Chuck Haggarty at WDC definately did pre-warn about two weeks ahead and assisted analysts with new estimate that they later hit. The effect was not as dramatic as APM's. Bill