Applied Micro Circuits Corp (AMCC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Applied Micro Circuits Corp (AMCC)

AMCC 8.450

0.0%

Feb 3 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ron who wrote (993)	11/18/2000 5:17:36 PM
From: John F.	Read Replies (1) of 1805

SAN FRANCISCO, Nov. 17 /PRNewswire/ -- The following was issued by Thomas Kee, CRD #2369405: Stock Traders Daily ( stocktradersdaily.com ) has recently discussed the issues and concerns about increased inventory levels and earnings shortfalls with Nortel Networks Corp. (NYSE: NT) and Applied Micro Circuits (Nasdaq: AMCC). Nortel Networks' Investor relation's representative, Angela McMagle, re-assured Stock Traders Daily that NT plans to grow earnings and revenues in the low 40% range in the preceding quarter. This growth rate is in line with the guidance that was offered in the recent conference call. In addition she said that there were no substantial bottlenecks from a component supply side. In fact she continued to say that "our suppliers have been excellent." Inventories also have increased slightly due in part to a seasonally strong fourth quarter according to Angela McMagle. NT competitors include Cisco Systems, Inc. and 3Com Corporation in addition to numerous others. On a similar note Stock Traders Daily spoke with William Bendush, CFO of AMCC. Mr. Bendush verified that AMCC was comfortable with the guidance offered in the recent conference call as well that suggested a 20% sequential growth rate. He continued to suggest that orders continue to be strong due in part to the 10 Gigabit business and also he pointed out that backlog has actually increased from the end of the quarter. In reference to the recent comments by Merrill Lynch, Mr. Bendush's comments made it clear that he thought these Merrill Lynch comments were based on news that has been available for weeks and even months. The information above is public knowledge. The information is available by contacting the companies listed above. Stock Traders Daily has offered this information to help investors make educated decisions about their investments. SOURCE Stock Traders Daily For more information about Stock Traders Daily visit our corporate Website: stocktradersdaily.com . prnewswire.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next