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Technology / AI and automation

AMERICAN MAGNETICS TO REPORT LOSSES FOR 1986

Another OEM supplier of equipment to IBM is suffering from a reduction of its business with the giant: this time it’s American Magnetics Corp, supplying recording heads, which says that as a result of the reduced business and of inventory mark-downs, it will be reporting losses for the fourth quarter and for the whole of 1986.

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CBR Staff Writer

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