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

To: Frodo Baxter who wrote (12276)	6/7/1999 3:12:00 AM
From: Donald Isenhower	Respond to of 12298

Thanks Lawrence and Harve, I would agree that tendering at four and buying it back at a cheaper price would seem to work, but as Lawrence has pointed out, this stock is much more likely to be worth less than the current price than more, especially considering the continued problems seen in DD oversupply (my portfolio hates it, but I just bought a 90 Gb system for $3400 and can add another 90 Gb for around $3000 (Seagate drives), so cheap drives are solving my need to copying files back and forth from tape!). For some stupid reason I kept 200 shares just to use for the tax writeoff when I sold something else since I see no sign of life from APM sales. You would think that after two years they would have qualified an MR drive program with somebody to sell some products! I remain confused that there has been no reorganization of the managerial people with such pathetic performance. Of course if I never get the tender offer, it will be moot point unless there is something going on that is going to convince some sheep ripe for fleecing that APN is ready to move up. Then it is tempting to buy here near $3 and hope to sell to some fools for $4, but unless I get the same offer from my broker there is no way I would gamble like that. Donald

To: Frodo Baxter who wrote (12276)	6/10/1999 12:49:00 PM
From: SurfCa2	Read Replies (1) \| Respond to of 12298

Received this e mail today, extending APM deal: Subj: APPLIED MAGNETICS CO Date: 99-06-10 11:17:42 EDT From: dljdirect@dljdirect.ips.aol.com NOTICE: OFFER HAS BEEN EXTENDED UNTIL 06/30/99 AS PER AGENT. Dear DLJdirect Investor, We are writing to ADVISE you that GROWTH CAPITAL CORPORATION OFFERS TO PURCHASE UP TO 1,200,000 SHARES OF APPLIED MAGNETICS COMMON STOCK AT A PRICE OF $4.00 PER SHARE, NET TO THE SELLER IN CASH. SHARES WILL BE ACCEPTED ON A "FIRST-COME, FIRST-BUY" BASIS. This offering is due to expire on 06/30/99. If you wish to participate, your instructions must be received by 1:00 PM on 06/29/99. Any instructions received after that time will be entered on a "best efforts" basis. IF YOU HAVE ALREADY SUBMITTED YOUR INSTRUCTIONS, AND DO NOT WISH TO CHANGE THEM, YOU DO NOT NEED TO DO ANYTHING. Otherwise, please contact us immediately by messaging us online or by calling 1 800 825-5723 to let us know whether or not you wish to participate, or for additional information about this issue. Sincerely, Joseph P. Diaz Assistant Vice-President DLJdirect