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

To: Peter Yang who wrote (10809)	12/8/1997 5:17:00 PM
From: xiangheng xu	Respond to of 12298

Did they make over .60 a share last quaryer? I would be very happy if they could make any money at all in the currrent quarter. I think that the current stock price expects a loss. You will see a big rise tommorrow

To: Peter Yang who wrote (10809)	12/8/1997 5:20:00 PM
From: Brian Lempel	Respond to of 12298

Peter, here's a thought. They are obviously incorporating ASP declines in their revenue model. Therefore, I would assume they are selling more units. That shows good demand for their product, but not enough to affect pricing. Brian

To: Peter Yang who wrote (10809)	12/8/1997 5:22:00 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 12298

re: Because of the pricing pressure, the margin will be affected and the PROFIT will be down much much more than 30%. Very good point. APM's recent profit margin gains resulted from efiiciencies of production (according to APM in their SEC filings). Ken

To: Peter Yang who wrote (10809)	12/8/1997 5:26:00 PM
From: Xpiderman	Respond to of 12298

APM said: "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). However, it is anticipated that revenue will rebound in FQ 2/98 up to 20% as compared with FQ 1/98 as drive inventories are brought into line. " >>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%.<< APM 92-3 93-4 94-5 95-6 96-7 97-8 98-9 Dec $0.13 -$0.28 -$0.53 $0.38 $1.10 $0.39 0.51 Mar $0.18 -$0.42 -$0.12 $0.37 $1.16 $0.34 0.51 Jun $0.33 -$0.75 $0.30 $0.10 $0.75 $0.50 0.54 Sep -$0.35 -$0.94 $0.40 $0.51 $0.60 $0.47 0.54 Year $0.29 -$2.39 $0.05 $1.36 $3.61 $1.70 $2.10 Yr/ Yr n/a -924.1% -103.0% 2620.0% 165.4% -52.9% 23.5% Historical P/E Range: High 63 n/a n/a 24 30 Low 4 n/a n/a 6 6 APM FQ4 97 earned $0.60.