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

To: Jonathan Bird who wrote (10967)12/10/1997 9:28:00 PM
From: Think4Yourself  Read Replies (1) | Respond to of 12298
 
<There is no way its gonna make earnings this QTR at 39 cents.>

I agree, I can't see any for them to make it. I don't even think they will turn a profit to be honest. The sector is in very bad shape and it's not showing any signs of letting up. APM stands to get hurt much worse than RDRT due to their substantially lower volume.

BTW Seagate announced this afternoon that they are closing their Ireland drive plant.

Ken



To: Jonathan Bird who wrote (10967)12/10/1997 9:33:00 PM
From: Ali Khaman  Read Replies (1) | Respond to of 12298
 
RE>>After all, what in the next at least 3-6 months is gonna turn the sector back up? whatever it is it is nowhere in sight.<<

The opposite of what turned it down in the last 2 months. If the dumping stops, the bleeding stops. DD demand volumes are growing at a very high rate, so price stabilization can and will turn it around as fast as it turned around 2 months ago.


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