Applied Micro Circuits Corp (AMCC) Message Board

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Technology Stocks : Applied Micro Circuits Corp (AMCC)

AMCC 8.450

0.0%

Feb 3 4:00 PM EST

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To: SJS who wrote (411)	3/20/2000 5:24:00 PM
From: Raymond Duray	Read Replies (1) of 1805

Hi SJS, I would tend to agree with bp about the proximate cause of the sell off. The Cowan cancellation is the sort of news that would get completely disregarded in a bull market and may or may not have contributed today. If you take a peek at the rest of the "nouveau" chip sector, you'll find AMCC had a lot of company on the downside. I'm not too concerned, I've been long since this one was trading at 20, split-adjusted and I think it's got a long, rollercoaster ride ahead with the rewards out-weighting these downdrafts by a big margin. JMVHO. Hang on to your hat! Bon Chance, Ray

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