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

To: Stitch who wrote (11275)	1/19/1998 11:18:00 AM
From: Dana Breite	Respond to of 12298

To all: I strongly urge anyone who received their proxy statement to vote to withold the nominations for board of diectors, and vote no on proposals #2-4. The issuance of additional shares would be extremely dilutive. It's like APM is saying, "Yeah, we screwed you shareholders, but would you mind bending over just a few more times?" It would be nice if Crisman et al were actually forced to realize that they are accountable to the shareholders. Also, per the annual report, Crisman received a 9.8% raise for his 1997 performance. Feels like a sharp stick in the eye. Ow! Dana

To: Stitch who wrote (11275)	1/19/1998 9:02:00 PM
From: Spots	Respond to of 12298

Yes, thanks. I'm trying to batter my way through learning in this segment. What I can't convince myself of, no matter how hard I argue, is that any independent DD maker would put themselves in the position of going to IBM or Seagate except in special situations with limited futures. (Here I am in the board room of WDC convincing my cohorts that we should put the family jewels in SEG's hands ... nah.) So, pursuing this thought further, there will come a turn in the market and the head suppliers will be in GREAT demand again, or I won't have disks for my insatiable byte-hunger (I'm representing to myself the entire consumer world from high-end enterprise to home user in my introspective interrogation room). The upshot is, I think (FWIW) there will come in the not-too- far-off future a big turnaround in demand for disks and, it follows, for heads, with a very limited number of suppliers. So I want to get my money back, and I'm asking myself how to do it. Thanks again to all who responded for the help. Regards, Spots