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: FR1 who wrote (1486)	4/24/2001 6:32:42 PM
From: Stoctrash	Read Replies (3) of 1805

...it's toast ....no turn in sight .....21.70 AH right now. Obviously nobody wants to believe this is WORSE than the '98 semi meltdown. FACE the FACTS....biz is sucking and nobody knows if it will be 2M or 6M before it makes a solid turn or if there will even be a growth turn in the next YEAR. On the valuation front; there at ~500M run rate...market cap of ~6.2B??? I'd use like 3-4x sales on this stock for a bottom, so you're looking at major damage,,, to single digits on the stock price as it gets chopped in 1/3 over the next few weeks/months, IMO. Enjoy the ride...!! "Single Digits"

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