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

To: 777 Captain who wrote (11709)	4/7/1998 12:27:00 AM
From: Stephen McCullough	Read Replies (1) \| Respond to of 12298

Capt., I spoke with a friend at APM a few weeks back. His is not in the circle to get management information. Just a lower level engineer. He is also an investor and is not buying APM yet. He thinks company will report a loss of about 1/2 that of last quarter (pretty large) and thinks book value will deteriorate to about 8. This is where he looks to buy. He said they expect more layoffs in the near term. Said they are making improvements in MR technology weekly. Doesn't think they have it certified yet. I have traded APM for several years. Will probably wait till earnings to trade it again. It is usual for them to say earnings will be out the week of.... Regards, Steve