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To: fermin marco marcos who wrote (11105)	12/21/1997 12:09:00 PM
From: Brian Lempel	Respond to of 12298

Fermin, if you have read the last few posts on this thread, you will have a good view of what's going on. Since the crash, the info on this thread has actually gotten better. We are not sure about analyst guidance, but the last numbers that have come out (.78 loss for '98) are nearly the same for both analysts covering it--not a coincidence. I was probably the most loyal (most stubborn?) bull here, and I am selling on monday, given new information presented in the 10K (see previous posts). Brian

To: fermin marco marcos who wrote (11105)	12/21/1997 2:23:00 PM
From: Don Earl	Respond to of 12298

Hi Fermin, First, I highly recommend reading recent SEC filings. Most companies, including APM, give pretty detailed descriptions of risk factors. IMO the possibility of bankruptcy is out of the question based on the balance sheet. Perhaps even more so considering that the CEO came to APM from the company that helped turn APM around a few years ago. To a large extent APMs biggest customers transition to the newer technology is as dependant on APM as APM is on making the switch. The Yahoo estimates are out of date, and I doubt the analysists recieve any kind of special guidance from the company. Current estimates are -.78 which bulls and bears alike on the thread seem to consider too low. There are some indications that the stock is starting to bottom, but I have a tendency to be too early in my predictions along those lines. The trend lines are still down and a clear reversal has not yet taken place. For the pattern I'm looking for to form, the price will have to drop to around 11 1/2 on volume below 500K, with continued low volitity. At present I would consider this to be a fairly high risk, value oriented, bottom fishing play. I think a lot would depend on your investment style, experinece, tolerance for risk and available funds. It's your money, you can spend it any way you please. Good luck. Regards, Don

To: fermin marco marcos who wrote (11105)	12/21/1997 7:06:00 PM
From: Jonathan Bird	Read Replies (2) \| Respond to of 12298

i'm a bit confused at present, because of two different sets of opinions/references about this company: Yeah wouldn't it be eaiser if the thread could just agree on how things are going so you could decide what to buy? :) Don't dispair however. There are good ideas comming from all sides. The longs on the thread are unusually tolerant(for SI) of the shorts. 1) It seems that most of the people in this thread are absolutely pessimistic about the future of APM, the company being headed into bankruptcy I don't mean to give the impression that I think APM will fall into bankruptcy. Only that they will have trouble keeping as much cash on hand as they need to spend in this critical transition period. But I fully expect them to issue more shares to do so. <i/>Are these estimates absolutely non-sense? Those are the Zacks Estimates. They CLAIM to be current as of the 15th accordign to Zacks. But the current First Call Estimate are .82 loss for FY98, .78 loss for FYQ1 98, and .40 profit for FY99. I don't know how to explain the diference. But if they are both current then that would imply that there are twice as many analysts covering APM then there usually are. So I am assuming the Zacks estimates to be old. The .82 cent loss on the year seems resonable. But I can't justify the .78 cent loss for this Qtr. I don't think it will happen. Maybe next Qtr though. Which information are the brokerage recommenfdations based upon? The standard Magic-8 Ball of course. And the occasional under the table EPS forcast from the CEO. Now is not the time to buy. My current mid-long term downside taget is ruffly in the 7-8 area. Jon Bird Short APM