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

To: William T. Katz who wrote (10760)	12/8/1997 12:01:00 AM
From: Think4Yourself	Respond to of 12298

Bill, I have pretty much come to the same conclusions. eom

To: William T. Katz who wrote (10760)	12/8/1997 10:22:00 AM
From: Rational	Read Replies (1) \| Respond to of 12298

William: There was one more NEW development that worried me a lot last night: An SEC filing by APM after the close on 12/5/97, without any news release, to double the number of authorized shares. APM cites reasons for doing so as: to accommodate stock-splits, stock dividends, acquisition of properties or other corporate purposes. The first two reasons do not make sense to me now (they are stated in a pretty standard way). The next two reasons appear imminent (IMHO): APM may be trying to acquire some MR capacity/facility by issuing shares. APM says that such issuance will be dilutive. This really concerned me a lot. I thus find that until the future of APM is visible, playing long on this stock is very risky, IMHO. Sankar