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

To: Frodo Baxter who wrote (11158)	12/29/1997 1:49:00 PM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 12298

<<I don't expect APM to last 1998.>> What exactly do you mean ??? When is the last time this dude has an up day ??? Feels like 3 months ago !!!

To: Frodo Baxter who wrote (11158)	12/29/1997 1:56:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 12298

Lawrence, are you forecasting APM losing $7/share during 1998? That is what it will take to exhaust their bank account right now, to go to negaive book value will require another $2/share losses. I think that you are wrong in your assessment. While I am not saying that APM is ripe for buying right now, I do not think they are ready for the heap. Demand for memory product is not dying overnight, and while they screwed up the transition to MR and GMR, they are only about two quarters behind the pack and I think they should be able to recover. Whe? I know not, I would not be surprised if the stock went to half its current value before visibility of recovery is evident. But they have accumulated a lot of amunition to weather bad times. Zeev

To: Frodo Baxter who wrote (11158)	12/29/1997 2:59:00 PM
From: Jonathan Bird	Read Replies (2) \| Respond to of 12298

I don't expect APM to last 1998. I don't know man. Nothing would make me happier, but I just don't see bankruptcy this year. What makes you think they wont just waste away. APM has been around for a long time. You could say they are a real survivor. Maybe they could be aquired, but I think the stock price would truly have to be deep in the gutter(like <4) for that to go through. They certainly won't be aquired for their valuable relationships with customers. And obviously they wont be sought after for their advanced technology or state of the art facilities. It's a fixer upper for sure. And I don't see anything that leeds me to believe there is a capacity shortage in the industry right now. How low do you think the price would have to go for them to become attractive? Who would want them? Maybe someone that wants to be vertically intergrated? I don't have any expierience with analysing such situations. Jon Bird