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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: David H. Hardin who wrote (8379)	11/10/1997 1:27:00 PM
From: Richard Haugland	Read Replies (1) \| Respond to of 13456

I was/am concerned that APM will both report negative earnings for the next two quarters (at least) and, like RDRT, will take a big write-off of technology this quarter. I don't fault Crisman at all because this is the result of rapid deflation in computer component prices and APM being caught in the middle of a technology change. If smart, however, APM would come out with an earnings warning today and not wait for the likely reality to set in. As Marc wrote some time back and Epics warned too (at APM = 30), all the signs were there for us to see and we drove right off the road. However I don't think any of us could have foreseen that instead of the under $1000 computer being a blessing that extends the life of APM's TFI heads, it seems to have been the killing blow to the company for this year at least. At these prices even the debenture holders would have a loss. However the APM shorts are making a killing. Damn 'em.