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To: Andrew Vance who wrote (15037)	7/23/1998 8:23:00 PM
From: Patrick Slevin	Respond to of 17305

Applied Magnetics, my old standby. Perhaps one of my best trades. Remember the Golden Era when we challenged each other, my APM against your RDRT? I'm glad I sold out of that near the high. Got it at 4 and sold around 54. Ah, those were the days. Writing naked puts....oh, to be young again. So, anyway, I would think you have plenty of time to be shopping for your specials. I honestly think the broad market sucks wind in the late half but the Techs rise on expectations of a bold new era. Sounds conflicting but it isn't. The Techs appear to have lagged the recent run (which started over a month ago...look at the charts....those that think the market is ready to explode up ignore that it already did) and so that along with probable new technologies accompanying advances by Intel and vendors like Rambus should fuel great expectations for Techs, I think. But what do I know, I just work day to day.

To: Andrew Vance who wrote (15037)	7/23/1998 11:39:00 PM
From: the hube	Read Replies (2) \| Respond to of 17305

From the "how low can you go files" ASYT currently has a market cap of $158 million, per Yahoo. From the earnings release, they have cash and short term investments of $88 million, meaning the market values their technology and non cash assets at $70 million. Since working capital other than cash is $32 million, the market values their technology and fixed assets at only $38 million. They generated $5.2 million of cash in the last quarter alone. Damn, if I only had an extra $100 million laying around..... John