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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: Kayaker who wrote (944)	11/8/2000 11:29:27 PM
From: Kayaker	Read Replies (3) of 1805

"Most of the communication systems companies haven't seen it yet," says Lehman Brothers analyst Dan Niles. "They're reporting strong order books from Nortel and Cisco. I hear that and I say, Oh, my God, we're dead. If you haven't seen the cutback in orders, that means it's right around the corner." Altera warned in early November that its revenue growth would be at the lower end of the 12% to 15% range the company had been forecasting. Niles thinks that there are more warnings to come. "These guys aren't used to the business being cyclical," said Niles. "Most didn't exist in their present form in 1995 and 1996. They look at the order books and say, This is fine. But they don't realize that it can vanish overnight. We'll get a rude awakening in Q4 and Q1." thestreet.com Niles Gets Serious on Semis 11/08/00 2:57 PM ET Dan Niles, who came out all aces on TSC's analyst survey, is really pounding the telco semiconductors. This isn't the first time, but he is saying that it is not too late to sell at all. Remember, Lehman is very powerful and his call has clout. He predicts that we are in the second inning of the decline! thestreet.com

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