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

To: Dave Chanoux who wrote (11055)	12/17/1997 2:16:00 PM
From: Jonathan Bird	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. I'm no accoutant Dave, but I play one on TV, and APM has been reporting losses AND gains on a fully diluted basis on all the SEC fillings i've seen. Jon Bird

To: Dave Chanoux who wrote (11055)	12/17/1997 3:48:00 PM
From: Don Earl	Read Replies (1) \| Respond to of 12298

Hi Dave, A fully diluted loss would be smaller (amount of loss divided by more shares). I think a more important point would be that the Anals that cover APM seem to base ALL their future predictions on the results of the most recent quarter. Quite honestly I consider last springs predictions of over $6 per share for FY 98 as absurd as the current predictions. You can pretty much expect that a stocks price will go down when expectations get too high and can't be met. The reverse is true when expectations get too low and can be beat consistantly. Personally I think something in the $2 range give or take .50 cents is more realistic for FY 98. It takes into consideration more of what the company has been able to do over the past few years, rather than the results of 1 or 2 quarters. The bottom line right now is; does anyone think APM can beat -.78 for Q1 98? Regards, Don