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

To: Jonathan Bird who wrote (10979)	12/10/1997 9:58:00 PM
From: Chih-Lun You	Respond to of 12298

Not sarcastic at all! I am really expecting all technology stocks to be dead money for at least two to three years after some other major index movers(INTC and MSFT etc) announce earnings and future projections far(very far)below everyone's imagination. Then U.S. will enter into a major recession and the demand for most of the technology related products will fall 50-60%. Then NASDAQ is virtually nonexistant. Hahahahahaha :0)))

To: Jonathan Bird who wrote (10979)	12/10/1997 10:15:00 PM
From: Zakrosian	Read Replies (2) \| Respond to of 12298

Jon - If .<< Demand is not the problem here.>> and <<He (Crisman) did say there were 35% fewer orders than last quarter>>, what does that imply about APM's business right now? Either demand is a problem, or APM is losing market share if the second statement is accurate.

To: Jonathan Bird who wrote (10979)	12/10/1997 10:31:00 PM
From: Yogi - Paul	Read Replies (1) \| Respond to of 12298

Jon, Not convinced demand is healthy. I try to give the production planners credit for reasonable estimates of future demand and matching capacity capability to the estimate. When management sees demand slipping below capacity, they begin to adjust selling prices to stimulate demand. Management can still honestly report terrific demand for the product. Problem is, no profit. I'm waiting for one of these drive or box makers to stand up and say, "Demand is not good at a profitable price level." When that happens, we will have quite a buying opportunity. irthrifty BTW excellent analysis on APM.