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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: Raymond Duray who wrote (320)2/7/2000 10:03:00 AM
From: Beltropolis Boy  Read Replies (1) of 1805
 
for what it's worth (almost $6 at the moment) ...

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RESEARCH ALERT - Applied Micro reinstated.
02/07/2000
Reuters English News Service

NEW YORK, Feb 7 (Reuters) - Credit Suisse First Boston analyst Charlie Glavin reinstated coverage of chip maker Applied Micro Circuits Corp. on Monday with a strong buy rating.

- set $240 price target.
- reinstated cover after completion of secondary stock offering.
- raised fiscal 2000 earnings-per-share (EPS) outlook to $0.76.
- boosted fiscal 2001 EPS estimate to $1.36.
- shares closed on Friday at 185-13/16.
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