Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Robert T. Quasius who wrote (11721)	4/14/1998 7:21:00 AM
From: 777 Captain	Respond to of 12298

Earnings Announcement. I just read where someone has posted that earnings will be announced the week of April 18th. What gives with these people, or are we to expect good news? Maybe a merger, buyout, of favorable news regarding the development efforts. On the other hand, the board could be meeting to vote the issuance of more stock (already authorized) now that they have a better handle on the cash being consumed by their development efforts? We wait in wonder. (I have to give APM credit for not being a boring stock, better than a movie - just hope it's profitable.) Regards.

To: Robert T. Quasius who wrote (11721)	4/14/1998 3:46:00 PM
From: 777 Captain	Read Replies (3) \| Respond to of 12298

Forced to call the company. Called Craig Crisman on Tuesday April 14th and asked him how things were going. They are QUALIFYING their 2.8 MR Heads, and have allocated some of their R&D to the 3.2's. He would not tell me who they were qualifying with, so I called Bob Blair at WDC (714) 932-7834, and he flat out told me "WDC does not comment on unannounced product." He wouldn't say anything one way or the other. FWIW, Crisman appears impressed with the team he has set up in R&D, they've accomplished a lot in six months. I asked about cash usage, issuance of more stock, etc., and he wouldn't say much (he can't), but I came away with the impression that things are looking better than I anticipated. The work on the 3.2 appears to be going OK, but again he can't say much. FWIW, IMHO, Crisman is the perfect CEO for APM at this juncture. I would not want to be short APR. Regards.