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

To: EyeDrMike who wrote (10553)	12/3/1997 2:09:00 PM
From: Think4Yourself	Respond to of 12298

I followed your thread briefly and thought it interesting... There were only three items in the 10Q that I (vividly) remember: MR disk head net sales were $7.2 million for the third quarter of fiscal 1997 and represented 5.8% of total net sales. Inductive thin film disk head net sales of $114.6 million increased 116.6% from the same quarter in the prior year and represented 92.3% and 71.4% of the Company's total net sales for the third quarter of fiscal 1997 and fiscal 1996, respectively. The Company's top four customers accounted for 87.8% of the Company's net sales in fiscal 1996. Assuming I believe TFI will be dead in 6 months (which I do), is there any reason I should not be EXTREMELY concerned about APM's earnings (more likely losses) in the next 2-3 quarters? Ken