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

To: T Bowl who wrote (10626)	12/5/1997 3:15:00 PM
From: Mark Adams	Respond to of 12298

I agree that APM will take a charge to idle TFI capacity. I think the CEO is looking to see how much of this charge can be offset by positive news, ie higher earnings/higher MR yields. I'm long APM, and willing to double down, but I'm not sure this is the point. I don't think the earnings were that bad. And the market didn't really come down on APM until the WDC announcement and the negative mention in Barrons. I usually try to go opposite the pundits who are talking to the media. Usually it makes sense for them to hold their cards close to the vest. If they are making statements backed by verifiable facts, I assess the facts. If it's just an unsupported assertion, I question their motives. What is going on here with APM is fear/panic, which usually leads to an extreme downside. Or opportunity. I'd be more aggressive if the sector looked to be in better shape. As it stands, I'm reluctant to add to any stock in the sector at the moment. WRT RDRT, I appreciate their candor. However, I don't think the stock has fully reflected their releases, and a number of those releases are fluff. Thanks for the clarification on the WDC MR thing.