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

To: Stitch who wrote (11452)	3/12/1998 8:32:00 PM
From: Frodo Baxter	Read Replies (2) \| Respond to of 12298

>But they do have one new willing buyer if they can qualify. Seagate...none other. If SEG quals APM, they deserve each other. The industry has had enough experience with MR to know that making the transition ain't easy. >This is one stock I would neither short nor buy. Just too many ways to lose my money elsewhere that doesn't look so foolish. <g> I don't know about that. This short looks risk-free to me.

To: Stitch who wrote (11452)	3/13/1998 12:43:00 AM
From: appro	Respond to of 12298

Must be a full moon here, too. I was going to buy APM based on lack of interest (only one post for 5 days) and now there are sixteen in one day? A lot of ghosts in the shadows here shining like the silver wraiths in the moon light.

To: Stitch who wrote (11452)	3/13/1998 2:33:00 PM
From: Dave Chanoux	Read Replies (2) \| Respond to of 12298

The TFI business ended 6 months earlier than had been planned, leaving a 2 quarter "hole" in APM's business. That's a deep wound but not necessarily lethal, in my opinion. Seagate is qualifying ReadRite - stated in the ReadRite conference call on 1/21. I would expect they would be qualifying others as well, although I have no facts to substantiate that. Todd and I had an exchange in this thread several weeks ago which would lead one to believe that APM management stated that they would not work with Seagate. I suspect that was a mis-statement or mis-interpretation for two reasons: 1. When you need business and there are only a few possible customers, you don't tell one of them to go jump. 2. Seagate bought Connors who was APM's biggest customer in '95, so the people should all know each other and must have some willingness to work together. But these are conjecture and I have no facts or observations to support them. And then there is WDC. With all this uncertainty, I wouldn't want to be long or short in this one. Regards, Dave Chanoux