John, Mike & Tom's <b>Wild World of Stocks</b> Message Board

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Technology Stocks : John, Mike & Tom's Wild World of Stocks

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To: Jorj X Mckie who wrote (2146)	2/6/2001 11:35:46 AM
From: John Pitera	Read Replies (1) of 2850

AMCC gets cut from Goldman's Rec. List--Bummer: ( repost from drillLand) Applied Micro (AMCC) 56 3/8 -8: Goldman Sachs downgrades to MKT OUTPERFORM from RECOMM LIST as firm believes changes in the business momentum are likely to cause some near-term pressure in the shares. With the company's most recent business update, firm is a bit more cautious on the shares in the near-term given the higher dependency on turns, the first signs of customer order pattern changes, and the still rather lofty valuation. ---------- AMCC had lots of lows last spring in the 45-47 area, so that would be a really nice price to get it at. BRCM would be in the neighborhood of mid Dec and then Jan 3rd 2001 lows at 72/73, so those levels make sense as cherry picking buy levels. It sounds like you would look for these levels to be hit in a 8 weeks or so if and when these 2 warn. So why not put the orders in and then take a look at them every few weeks. I'm not certain by any means that we'll see those numbers, but it does not hurt to have an order in. John

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