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To: JBruin who wrote (6283)12/8/1997 4:53:00 PM
From: Dale J.  Respond to of 9124
 
My guess it shouldn't be a surprise.
APM is in deep trouble.
But then again its stock price reflects it. Dale



To: JBruin who wrote (6283)12/8/1997 4:57:00 PM
From: Dale J.  Respond to of 9124
 
Applied Magnetics Corp. (APM) 15 +1/16: supplier of magnetic recording heads and of head stack assemblies for disk-drives sees 1Q revenues declining by 30% on a sequential basis due to lower orders from its largest customer; company also plans to take an $8 mln pre-tax charge in the quarter; according to one estimate from First Call, company projected to earn $0.41 a share; notes that Q2 revenues could rebound up to 20% over Q1.....