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

To: Don Earl who wrote (10550)	12/3/1997 10:07:00 AM
From: JDN	Respond to of 12298

Dear Don: And further from the web site: Development of even more advanced head products based on the principle of "giant" magnetoresistance (GMR) is also underway. Today, Applied Magnetics is in volume production of inductive thin film and MR disk heads and is developing GMR for the future.-----I think that clears up the previous comment. JDN

To: Don Earl who wrote (10550)	12/3/1997 11:36:00 AM
From: EyeDrMike	Read Replies (2) \| Respond to of 12298

<<Development and commercialization of MR disk heads continue to be a major investment for Applied Magnetics. In 1996 we entered production on our first volume MR disk head program. >> i remember APM stating that yields were low; low yields effectively equals no capacity. <<We qualified for additional production programs in 1997,>> name the contracts. << and we continue to ship prototype and qualification samples of MR disk head products to selected customers for drive applications>> shipping prototypes does not equal EPS. <<The Company is increasing its investment in MR technology disk head products.>> why, if they're already capable of producing them? perhaps behind the curve? <<Company is currently underway with a second clean room expansion that is planned to be completed by October 1997 and fully equipped by April 1998>> hmmm, 5 months from now, and then they still need qualifications and contracts. they are very behind here, imo. What about EPS for next 2 or 3 Q's? Are shareholders just supposed to hold on til then? With only vague hopes to grasp? both eyes open here, can you say the same? regards, Mike