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

To: AlienTech who wrote (10346)	11/15/1997 4:30:00 AM
From: Rob Fox	Respond to of 12298

Good detective work AT. I did find something that you missed though. Seems as though this Frank Trust is dumping more A-Pee-Em shares again, see below, it's on Edgar. I'm still hanging around waiting for a good short point. That WDC news is good for the shorts, I bet they serve up another nice Sh*t burger for this quarter too. They'll have to write off all that TFI and what will they have left, MR that doesn't work??? I'm glad I got out at 26!!!!! Whew. Rob I wonder how this came about? "Uh-honey? It doesn't look good, dump it all!!!" Here's the filing. Form 144 for APPLIED MAGNETICS CORP filed on Nov 13 1997 Issuers Name APPLIED MAGNETICS CORP Ticker SymbolAPM Seller CATHERINE M.TR 70 FRANK Address 6054 LA GOLETA RD AddressGOLETA CA 93117 Phone 805 555-5555 Filing DateNov 13 1997 Shares to be Sold 5,000 Value107,625.00 BrokerGSCO

To: AlienTech who wrote (10346)	11/15/1997 7:50:00 AM
From: Helios	Read Replies (2) \| Respond to of 12298

It's pretty clear now. APM will undergo a crash program to convert completely to MR and spend plenty of bucks to do it. Short term their earnings will be down or non existent. Long term they will probably recover any lost business from RDRT since it is in the interest of the WD and others to have multiple suppliers. The high margins that attracted many of us to APM in the first place were at least partly due to money not being spent on the conversion. I think it is best to wait a quarter before getting back into this stock no matter how low the price goes.

To: AlienTech who wrote (10346)	11/15/1997 9:25:00 AM
From: Thomas George Warner	Read Replies (1) \| Respond to of 12298

the information that you received relative to R&D for APM vs RDRT is incorrect. RDRT spent 5.2% of net sales in last qtr of fy1997 and 5.4% in same qtr Fy 1996 APM spent 12.7% of sales in 3rd qtr 1997 and 16.7% for same qtr 1996, reduction qtr to qtr due to dramatic increase in sales. Inspection of recent 10Q for both companies shows me that APM is the stronger of the two. something else is either going on or you misunderstood what she told you.