Market Gems:Stocks w/Strong Earnings and High Tech. Rank 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.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jenna who wrote (116230)	11/8/2000 8:45:14 AM
From: 2MAR$	Read Replies (1) of 120523

RESEARCH ALERT-CSFB sets $115 price target on Applied Micro -AMCC reinstating coverage strong buy target 115 @FBCO NEW YORK, Nov 8 (Reuters) - Credit Suisse First Boston on Wednesday said analyst Charlie Glavin set a 12-month price target of $115 on the stock of semiconductor maker Applied Micro Circuits Corp. <AMCC.O> and resumed coverage of the company with a strong buy rating on the shares. CSFB resumed coverage following the completion of the company's merger with MMC Networks, which boosts Applied Micro's high-level systems reach and dollar content per box, Glavin wrote in a research note. Glavin maintained an earnings estimate of 53 cents per share for fiscal 2001. He said the MMC deal should be non-dilutive, even with higher expenses and share count. Glavin raised his fiscal 2002 earnings projection to 76 cents a share from 74 cents, and raised his revenue forecast to $874 million from $690 million. Shares of Applied Micro on Tuesday closed at $68-7/8. The company's 52-week range is $109-3/4 to $19-5/16. ((--New York Newsdesk, 212-859-1700)) REUTERS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next