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: A.L. Reagan who wrote (824)	10/26/2000 11:03:32 PM
From: Kayaker	of 1805

Q: How much does this spending reduction, as described, involve optical components? WorldCom (WCOM:Nasdaq - news) told analysts on a third-quarter conference call Thursday morning it will cut back next year on its network expansion efforts. The company expects to spend $9 billion this year, and probably will fall well short of that total next year. WorldCom was off $2.31, or 9.2%, at $22.94, putting it near its 52-week low of $20.19. The Jackson, Miss.-based phone and Internet service provider said it will offer more detailed guidance on spending and revenue when it unveils its restructuring plans next week. But CFO Scott Sullivan said spending "will be lower" in 2001. Sullivan didn't provide specifics, but he said spending would probably be less next year in local access equipment, phone and data switches and undersea equipment. He said spending in those three areas had basically peaked this year.

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