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


To: Wall Street Jr who wrote (11691)4/1/1998 7:32:00 PM
From: DanZ  Respond to of 12298
 
Wall Street,

I don't mean to poop your party, but I can't find any news from APM today. If you read at the bottom of the page, it says:

More Quotes and News from Wayn'e April Fool Joke :APPLIED MAGNETIC (NYSE:APM - news)Related News Categories: Hope Everybody is having a great April Fools Day. Where is that Houston Guy with the Updates?

I suspect this "news release" is a practical joke but I can't confirm it. I hope it is true, but it makes no sense that no major news service has picked it up.

Dan



To: Wall Street Jr who wrote (11691)4/1/1998 11:48:00 PM
From: 777 Captain  Read Replies (1) | Respond to of 12298
 
Hey Junior, not bad. When I first began to read the post, I didn't catch on to the fact it was a joke intil I started reading the part about the high margins for the advanced TFI heads. Then I started laughing. Even though I'm long APM, there are others in the industry that I also own, and if they are having to pay up for components, then I have to go back to square one and begin refiguring just about everything. (I'm wondering now if that post may not have been taken seriously by some - volume in APM picked up substantially later in the day and the stock reversed what had been a decline.) Although I hope I never fly with you, after realizing your intent, it took a while to stop laughing. Happy April Fools day. Regards.