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

To: Spots who wrote (11903)	5/12/1998 12:07:00 PM
From: Kenwood Sun	Read Replies (1) \| Respond to of 12298

APM finally is tired of endless dropping

To: Spots who wrote (11903)	5/12/1998 10:30:00 PM
From: Steve Pick	Read Replies (1) \| Respond to of 12298

Spots, It is sad that such a great potential forum for intelligent discussion is being hammered by self centered people, and those with devious intentions. It is certainly interesting to see James's public and private sides. Personally I have been a long time friend of this stock and have made a decent bunch of money. However, I am now sitting on a bunch of red ink. I have had several conversations with CC. My reading, is that he is an astute turn around man but was caught very cold because he didn't understand the technology and its evolution. It does seem apparent that everybody in the industry got caught with their pants down. I can't understand how so called managers couldn't see the down draft, but for CC he must have decided to go with the more informed opinion,as he didn't have enough experience to guide him otherwise. Now I am sure he understands he is in a crap shoot with normal business practices being thrown to the wind by most of the players. In my most recent conversation he doesn't expect much positive news before August and July report will be worse than the 2nd qtr. Maybe it is my stubborn Taurus nature but I am still holding out hope for 99Q1. Regards and keep posting, Steve