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

To: 777 Captain who wrote (11711)	4/7/1998 10:39:00 PM
From: Greg Jung	Respond to of 12298

Captain if you're long at 11 why average down? I would wait 'til it hit 6 (on some wild day, of course) and triple down. Otherwise you're talking about "accumulation" and for that purpose one storage stock is as good as any other. Actually some are better, but nobody is going to perform until the market recovers (the dd market). Now there are some much better prospects in the group heading back to their low values and probably lower. I was tempted by Adaptec if it had withstood the test today. But it broke below 20 where it was basing. Wherever it gets to, it ought to recover back to 20 soon enough. And eventually, because its a fine company (well, a victorious company anyway) it should someday fill the gap it left from 40 when it was discovered they were related to WDC, QNTM, etc. I haven't looked at the others lately but don't buy in the downdraft, these "supports" of stock price weren't built buy engineers, but by fortune tellers! Greg

To: 777 Captain who wrote (11711)	4/8/1998 7:25:00 AM
From: T Bowl	Read Replies (1) \| Respond to of 12298

Captain - << (2): I talked to the company some time ago, and they had the write element "nailed", what problems are they having with the read element?>> The read side is the MR bit of the picture. See this for more details: appmag.com. << (1): RDRT already has the 2.8 out there, is there anything that will distinguish the APM product from what is already out there?>> I spoke to Crispy last week and he said that they have demonstrated 2.8, but that it is "a few months away." As far as I can tell APM is not in the picture at all for MR head at this time for anyone. WDC looks like they are now looking IBM/RDRT/APM. A big loss for RDRT and APM. RDRT apparently has lost Maxtor as well. That leaves very few customers left out there for anybody. The weakest players in this business are headed downhill quickly. This is not a stock I would be long(for the long haul) at the moment. Maybe a pop here or there, but I wouldn't bet much on their success. todd