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

To: megazoo who wrote (10799)	12/8/1997 4:48:00 PM
From: Will Cunningham	Read Replies (1) \| Respond to of 12298

Full story: newsalert.com

To: megazoo who wrote (10799)	12/8/1997 4:55:00 PM
From: Brian Lempel	Read Replies (1) \| Respond to of 12298

I must say that that puts the company in a lot better shape than I would have thought. At least it sounds like they plan to turn a profit! Keeping margins steady (which I realize isn't realistic), they are modeling earnings at over $.90 for the first half of the year. That's pretty damn good. I will be interested to see how the stock reacts tomorrow. Will it be a knee jerk sell on the bad news, or will it be, hey, the company actually issued a press release, and things don't sound as bad as we thought? Comments greatly appreciated, Brian