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

To: Rational who wrote (10587)	12/4/1997 5:12:00 PM
From: Jonathan Bird	Read Replies (1) \| Respond to of 12298

Was it 40% of today's book value or 40% of the then book value? 40% of then book value. Jon Bird

To: Rational who wrote (10587)	12/5/1997 1:40:00 AM
From: Mark Adams	Read Replies (3) \| Respond to of 12298

Just some facts to counter some of the recent garbage put forth by recent posters who will remain unamed The Company is increasing its investment in MR technology disk head products. During April 1997, the Company completed its first clean room expansion of the MR wafer fab in Goleta, California. This expansion is expected to be fully equipped by October 1997, at a total estimated cost of $28.0 million. The 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, at a total additional estimated cost of $48.0 million. When fully equipped, this fab will initially be capable of producing approximately 12 million HGAs per quarter, assuming a pico form factor at comparable yields to inductive thin film. During the second quarter of fiscal 1997, the Company's inductive thin film wafer fab was converted to enable manufacturing of MR write heads. The combined fabs will be capable of total output in excess of 40 million MR HGAs per quarter, assuming a pico form factor, by the end of fiscal 1999. The real risk here, may be the Seagate/IBM/Fujitsu's of the world mfg their own heads. But APM has invested and continues to invest in making MR capacity available, while RDRT announces charges due to WDC program cuts & eliminations. My thanks to those who are posting facts, and not rumours or 'what their buddies told them'.