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

To: Yogi - Paul who wrote (10987)	12/11/1997 12:20:00 AM
From: Jonathan Bird	Read Replies (1) \| Respond to of 12298

Not convinced demand is healthy I know you are not alone in that idea. Fortunately for our analysis, the effect excess supply and decreased demand will both result in the same problem. Decreased margins. But if the rope is burning at both ends then I agree with you that we have just seen the tip of the iceberg as to how far prices will drop. A warning like that from the box builders will effect absolutely EVERY tech stock. As I have said, I see no compelling reason to be long DD, even at these levels. Quantum could be argued as an exception cause of DLT, but you'll have to convince the market of this before you'll convince me. Jon Bird