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: Trader Dave who wrote (511)	6/7/2000 9:13:00 AM
From: SJS	Read Replies (2) of 1805

Nice call TD. It seems that you called it accurately before it was all cleared up last night/this morning. +++++++++++++++++++++ CSFB on AMCC ___________________ Applied Micro Circuits (AMCC-$106 13/16-Cap $12.1B-Strong Buy) Non-Nortel Business Smokin?; Raising Estimates and Target to $225 FY01E: $0.80 / FY02E: $1.15 ú Supercomm checks and meetings with management prompt additional bullishness in AMCC story-raising estimates to $0.80 for FY2001 and $1.15 for FY2002 off of higher revenue expectations. ú Much of the upside this quarter and through FY2002 should come from explosive growth from non-Nortel communications business. September business already looks ?phenomenal?, too. ú While NT may grow only 8-10% this quarter, any weakness is transitory and related to NT?s product transition - or put another way, higher than expected demand and reloading a potentially more potent product line for the future are causing an intraquarter issue. AMCC is providing standard chips into NT?s newer product lines-providing substantially higher dollar content per box. Look for NT to continue growing on an absolute basis but declining as a percent of total revenue. ú We firmly reiterate our Strong Buy rating and increase our price target to $225. We encourage investors to buy AMCC on any weakness owing to misconceptions/confusion surrounding issues at Nortel.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next