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

To: Jonathan Bird who wrote (11049)	12/17/1997 9:48:00 AM
From: Dave Chanoux	Read Replies (2) \| Respond to of 12298

First: ask an accounting expert to verify what I am about to say, because I am untrained and speaking only from experience and observations. Profits are reported on both a current and fully diluted basis. Losses are reported only on a current basis. APM's recent reports have been on current and fully diluted because they are profits. I expect that losses would be only on current. The questionable step in Todd's numbers is calculating a dollar loss from per share estimates. Somebody check it out or comment before anyone does anything. Regards, Dave Chanoux