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Technology Stocks : Applied Micro Circuits Corp (AMCC)
AMCC 8.4500.0%Feb 3 4:00 PM EST

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To: Trader Dave who wrote (493)6/6/2000 6:27:00 PM
From: Joe Hoek   of 1805
 
TD,

The way I read it is that Nortel will be less of a percentage of total sales. That would be GOOD if sales growth stays the same. Not selling everything to 1 guy.

Hopefully AMCC will clarify the situation CLEARLY and be done with it. Otherwise it will be ugly. Look what happened to SAWS when some "news" came out that QCOM wasn't going to use their equipment. SAWS didn't respond and the stock got killed. Turns out that QCOM wasn't going to use one particular piece from them but sales to QCOM weren't really affected.

I hope that AMCC plays it straight, good news or bad - at least that way we can make a good decision to sell or hold.
I'm in at 79 and I'll sell it if it looks like I'll go negative. Hopefully that won't happen. Trading over 98 now on Island. I'll double down if it looks like a blunder and we move higher for a trade...

Good luck

Funny how it take something like this to get the thread going...
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