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

To: Rational who wrote (10589)	12/4/1997 5:54:00 PM
From: Zakrosian	Respond to of 12298

I'm pretty sure that the volume production refers to the TFI head that has proven very problematic to WDC and that they are rapidly moving away from. As one who has been following APM for the past several months, I find it interesting to hear some of the same arguments for a positive outlook for the share price - especially the short position - that were advanced last summer when prospects were looking great for the company. I wish you luck, but I wouldn't bet on reading any good news for at least a couple quarters.

To: Rational who wrote (10589)	12/4/1997 6:44:00 PM
From: EyeDrMike	Read Replies (2) \| Respond to of 12298

<<Net sales and gross margins in the fourth quarter of fiscal 1997 were negatively impacted by lower yields on newly qualified magnetoresistive (MR) programs and 1.7-gigabyte-per-3.5''-disk inductive thin film products, which were in their first full quarter of volume production. I am not sure if the volume production refers to MR since the language appears ambiguous; the "which" may refer only to disk inductive thin film products. >> i think they are referring the volume to thin film; volume in MR isn't expected until 4-98 when new plant is scheduled for openning. 80 to 90% of APM biz is from WDC; ouch. and i don't like the desciption of "low yields" in the MR line; however, with the IBM hire, this certainly could improve. Mike