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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: FR1 who wrote (1460)	4/11/2001 8:53:51 AM
From: Dave	Read Replies (1) of 1805

www2.marketwatch.com Salomon analyst Tim Luke upgraded his chip sector rating to "outperform" from "neutral," saying in a research note to clients that he based his decision on "anecdotal order and shipment data that is so bad it cannot continue for long and sector data that suggests a fundamental bottom is only months away." He also upgraded a number of individual stocks to "buy" ratings from "outperform." Among the stocks he upgraded, Intel (INTC: news, msgs, alerts) rallied $2.23 to $27, Micron Technology (MU: news, msgs, alerts) jumped $2.35 to $40.50, Texas Instruments (TXN: news, msgs, alerts) climbed $2.40 to $32, Applied Micro Circuits (AMCC: news, msgs, alerts) surged $2.12 to $18.50, Altera (ALTR: news, msgs, alerts) climbed $1.50 to $24.51 and Xilinx (XLNX: news, msgs, alerts) stepped up 47 cents to $35.50 in Instinet.

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