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: Joanne Fishman who wrote (598)	8/4/2000 2:18:24 AM
From: Guy Gordon	Read Replies (1) of 1805

Yahoo says the market cap of AMCC is 17.6B. At 141/share that means 125M shares outstanding. The Float is 112M. Your numbers seem to say there are 180M authorized shares, which is not enough for a split. 630M shares is enough for a 2,3, or even 4:1 split. At 141/share I fully expect at least a 2:1 split. 3:1 would make more sense and still leave shares for acquisitions. The runup from October 1999 has been so steep in fiber related stocks that they haven't had the time to split their shares back to the $50 range. But I expect that to happen eventually.

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