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

To: Greg Jung who wrote (10321)	11/13/1997 1:10:00 PM
From: Bosco	Read Replies (1) \| Respond to of 12298

Greg - yes, we know the pricing pressure, trickle down :-( economics and the SE Asian problems. Whether the respective CEOs (of WDC, UTR, and APM) forseen all these is besides the point now, for they have happened. It is a matter of how they see the situation going forward is more crucial. It took INTC one qtr to clear out excess inventories due to the change into bto (build to order) business model of the major box makers. So, these CEOs should see the problem of jit (just in time) model kicking in on top of the usual yields structure. Of course, it is easy for me to be an armchair general (too bad that I couldn't even balance a checkbook <vbg>) These CEOs will ve to juggle between ramp up and cut cost. Finally, I m clueless about the complexity of MR, let alone GMR. So maybe you are right. OTOH, since both technologies are the results of IBM research (I think,) licencing will be the 1st step. Of course, legend has it that Messr Crisman is a one-man co, so maybe we have to send him back to school to learn more about GMR before he is willing to invest more in the technology. note: I do agree that MR is now and APM is behind rgds Bosco

To: Greg Jung who wrote (10321)	11/13/1997 1:51:00 PM
From: Dennis Nicks	Respond to of 12298

Check out IBM's web page.. I didn't bookmark the page, but the information on GMR is quite interesting. One of the most interesting bits of information from the article is that IBM was able to use their existing MR fab to produce the GMR heads. Thus, a transition to MR technology is a very close step to GMR. IMHO APM will have at least 2 bad quarters ahead, but they can successfully make the transition to MR and to GMR. APM even suggests that they are doing research into GMR technology. They have also spent quite a bit of money on R&D in the past year. For those of us in the R&D trade, we understand that the influx of money does not translate into a linear increase in technology. You can spend millions and millions in R&D and have not much to show for it, until you get a breakthrough, then the technology curve catches up. There is a lot of risk looming over this company. But for those willing to accept it, it could mean nice rewards in the long term. Now that all the get rich quick types have all run for cover, we can get APM in strong hands and wait patiently for the returns. But then again, I could be wrong... In any case, I've put my money where my mouth is. It's a small investment (I consider it somewhat speculative) but an investment nonetheless.. Also, anyone notice the large block trades crossed in the last 2 days... 11/12 @ about 11:20am, 100,000 crossed by Goldman Sachs at 17 1/2 11/13 @ about 12:30pm, 161,300 crossed by GS at 16 3/4 Dennis