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

To: LK2 who wrote (11512)3/20/1998 10:22:00 PM
From: Mark Adams  Read Replies (1) | Respond to of 12298
 
Well, I appreciate your candor. It sounds like we could almost read more into what he didn't say than what he did. Namely that this quarter (~oct 97) looked ok but who knows what the next one may hold.

I'd say that some of this caught APM and WDC by surprise; The story at the end of Sept 97 was quite a bit different than the story mid December.

And, their strategy seems well suited to the sub1k segment. One platter, two head drives with the minimal cost(s)...

But WDC felt they needed to change course and chase the higher margins at the high end. It looks like Maxtor has been setting the mark, WRT the price/perfomance bar in the retail market. But I'm biased re Maxtor drives though not a stock holder any longer.



To: LK2 who wrote (11512)3/20/1998 10:31:00 PM
From: appro  Read Replies (1) | Respond to of 12298
 
This thread is still one of the best on SI for thought provoking analysis of investor psychology. The art of self-deception has help many a CEO lead an inspired effort in the face of insurmountable odds. I suspect he would be the last to throw in the towel and say "run for your lives, the ship is sinking" Maties, we need some good scuttlebutt from someone deep in the bowels of the ship. Those people are the first to know when things are deteriorating or looking up where in counts. >>Just as the Red Queen explained to Alice in Wonderland, you might have to keep running to stay in the same place.<< from How Brains Think by William H. Calvin. weber.u.washington.edu



To: LK2 who wrote (11512)3/21/1998 7:19:00 AM
From: Frodo Baxter  Read Replies (1) | Respond to of 12298
 
Asking IR about the status of a company is like asking Mike McCurry about Monica Lewinsky.

Of course, our boy Mike and IR departments have plausible deniability going for them. When the company is too small, the CEO (or other executive) has the fiduciary duty to field the irritating calls from the lowly shareholders, who only just own the company... that's when it gets interesting.


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