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


To: Xpiderman who wrote (10806)12/8/1997 5:13:00 PM
From: Peter Yang  Read Replies (4) | Respond to of 12298
 
>>As a result, the company anticipates that revenue will be down more than 30% in the current quarter (FQ 1/98) from the previous quarter (FQ 4/97).<<

Pay attention here: The REVENUE will be down more than 30%! Because of the pricing pressure, the margin will be affected and the PROFIT will be down much much more than 30%.



To: Xpiderman who wrote (10806)12/8/1997 7:23:00 PM
From: virgil vancleave  Read Replies (1) | Respond to of 12298
 
i would be wary about shorting. a little late to the party and will probably be many shorts looking for the exits. the weakness is already in the stock and company has lots of cash and will wither the storm and very well could come out of this being the leader. would not surprise me if apm is up from here. i no longer have a stake in apm, but good luck.