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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sawtooth who wrote (1379)	10/30/1997 12:37:00 PM
From: jgideon	Read Replies (2) \| Respond to of 9256

> Even if APM only earns $2.50 instead of $4, it still looks > like a decent investment. I'm not sure I'm that bullish about APM. I made some good money off of the stock over the summer, but it's PE did not get above 9. APM is treated poorly by the street in comparison to its peers (RDRT). Most of this seems to stem from the failed takeover of RDRT. RDRT rebuffed with the notion that APM was desperate for its MR and Wall Street seems to have believed that story. APM countered that it was only for capacity and that their slow MR ramp was a deliberate policy that would win in the end. From my viewpoint, waiting for APM to get a respectable PE in the teens is not a breath I'd want to hold. However, there is little reason it should not get back to 8-9. Let me also state that I choose not to have the luxury of being a long term holder. My positions are based on fundamental analysis with long term ideas, but are re-evaluated against other opportunities on about a 3 month horizon. All my really long term money is in mutual funds and 401(k)'s and 403(b)'s. jg