Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 5.660

-1.0%

Jan 2 9:30 AM EST

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To: richardred who started this subject	8/29/2003 12:50:49 PM
From: Jack Hartmann	Read Replies (1) of 7254

AMCC Applied Micro -- firms comment on acquisition (5.77 -0.16) Pacific Growth maintains their Underweight rating on AMCC following last night's acquisition of JNIC; while firm believes the acquisition helps diversify AMCC's product portfolio away from long-haul telecom and into the higher growth SAN mkt, they note that JNIC is an insignificant player in the SAN HBA mkt, and gaining share from QLGC and ELX might be challenging; also, AMCC will face competition in the SAN IC mkt from established participants such as VTSS and new entrants such as PMCS. Separately, Adams Harkness says that AMCC's acquisition is a step in the right direction in its strategy to strengthen its product portfolio and addressable mkt through acquisitions, but until rev growth resumes to more normal levels, they believe profitability is still a number of quarters away.

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