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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: BoNg-N-BoNg who wrote (13596)	4/29/1999 3:57:00 PM
From: John J H Kim	Read Replies (1) \| Respond to of 43080

Well...we'll forgive you this time, but don't let it happen again! <g>

To: BoNg-N-BoNg who wrote (13596)	4/29/1999 4:09:00 PM
From: AlienTech	Respond to of 43080

APM- A goud head just dont fade from memory, They find other ways to torment you.. APM UP 10% TODAY WHILE THE WORLD IS CRASHING! BUT...I just read something interesting in Stereo Review's Sound & Vision Magazine. There's an article in the May 1999 issue on Tapeless VCRs which are heading to the market. All programs are saved to an internal hard drive. Mentioned in the article is Quantum who will be putting its drives in ReplayTV and TiVo boxes, Seagate in EchoStar AND Western Digital is working with Sony. Maybe there is still some hope for us all. I just added 200 shares now at what looks like a possible bottom. This VCR sounds great and there will be a very large market for this product. I like the fact that WDC is mentioned with Sony. Good luck to us all. Dubilier & Company, a New York-based private investment firm, and Applied Magnetics Corporation (NYSE: APM - news) announced today that Dubilier & Company has completed its acquisition of Magnetic Data Technologies, LLC (''MDT'') and its subsidiaries from Applied Magnetics Corporation. MDT is a leading provider of outsourced post-sales services to original equipment manufacturers (''OEMs'') of electronic components and systems. Terms of the transaction were not disclosed. Michael J. Dubilier, Managing Partner of Dubilier & Company, said, ''MDT is a very well managed business in an exciting growth sector. We look forward to partnering our operating and financial professionals with Brian Stone, the Chief Executive Officer, and his management team in building the business.'' Founded in 1982, Magnetic Data is among the oldest independent service companies to the computer data storage and telecommunications industries. The Company has significant long-standing relationships with many leading electronics OEM's for which it provides repair and warranty services for computer peripherals, telecommunications and other electronic and digital devices. According to Brian Stone, ''MDT's superior service capability and the technical expertise of our employees provide a strong base to capitalize on the growing outsourcing of post-sales services by electronics manufacturers. The addition of financial resources and operational capabilities of Dubilier & Company will be instrumental in enabling MDT to provide additional services to our existing customers, develop new opportunities and achieve our full potential.'' The transaction was structured as a leveraged recapitalization in which Applied Magnetics will retain an approximate 10 percent ownership position. NationsBanc Montgomery Securities and Massachusetts Mutual Life Insurance provided the debt financing for the transaction. MassMutual also made an equity investment in MDT alongside Dubilier & Company. Dubilier & Company is a New York-based private investment firm focused on buying and building middle-market companies in partnership with management. OR! www.Pristine.com has recommended apm as a short term play with an upside potential of 2-3. Watch the quick action.