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

To: Frodo Baxter who wrote (11255)	1/17/1998 12:32:00 PM
From: Zeev Hed	Respond to of 12298

Lawrence, no my argument is not they cannot go lower, my argument is that they have the financial wherewithal to survive if they deploy the assets they have correctly. I am not phased by the $200 MM or so in liabilities they have since these are well ballanced by about $440 MM in assets. I figure that their book value will go down to about $6/share before they actually turn (if they turn) from the current book value of about $8.25/share. If they can come back into the game with MR and possibly leapfrog into GMR, they have a chance of surviving. The jury is out, and my point is that paucity of any bullish statements on this thread indicate to me that this stock might be worthwhile watching for a change in the fundamentals. Such change might not occur at all, I do not know, but if the technical behavior of the stock changes through the next 2 months (which I believe will be murderous on the whole sector), this might be the shot over the bow, warning on a change in fortunes. I do not think they are washed out because they have the cash to come back. Will they? I do not know. Zeev