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

To: virgil vancleave who wrote (10531)	12/2/1997 11:22:00 AM
From: Don Earl	Read Replies (1) \| Respond to of 12298

Hi Virgil, At 10 APM would be trading nearly at book value. Not impossible but not likely either. The trend has been down for several months with no support. This morning makes the second failed attempt to break support at 16. Can't blame you for wanting a truck load at 10, but I don't think it's going to happen. Regards, Don

To: virgil vancleave who wrote (10531)	12/2/1997 11:23:00 AM
From: William T. Katz	Read Replies (2) \| Respond to of 12298

Didn't APM supply the MR heads for WDC's portable disk drive that just got axed? I should have shorted APM as a hedge vs my QNTM holdings, but not sure how much more it can go down. Crisman won't say anything until a really bad earnings announcement. As a former shareholder that sold after last earnings report, I have no faith in his dealings with the public. Can't believe he's saying all is well when it looks like APM would be lucky to break even.