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

To: Frodo Baxter who wrote (12254)	5/9/1999 12:58:00 AM
From: Donald Isenhower	Read Replies (1) \| Respond to of 12298

Lawrence <mostly off-topic> (but storage related), Given there is no buyer to sell to, I don't understand why there really hasn't been any serious "reorganization" to try to correct an obvious failure to be able to produce MR heads even though there were strong claims that they were ready to transition from MR to TFI when the RDRT takeover was tried. The letter sent out to stockholders by C.C. was definitely way more optimistic about APM's readiness for MR than the last two years has shown and I am amazed that the board or large stockholders haven't screamed their heads off. Actually, the reason I responded was that I was curious about your opinion on a different company, but still in the data storage business, which is STK. They recently really fell short of expected earnings, but after listening to their conference call, it really sounded like the problems were temporary and understood (they took the blame for poor execution on their part). So while I don't expect them to rebound to their old prices for a while, it does look like the current $20 range is a really solid place to buy back in since I bought originally in 1995 and sold pieces off as it rose from my $9 price up to $50 (adjusting for a split). So if you know anything about STK I am curious to hear it. thanks, Donald