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Strategies & Market Trends : The Thread II

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To: stan s. who started this subject	6/25/2001 4:22:04 PM
From: shulz	Read Replies (1) of 9026

Applied Micro (AMCC) 14.20 +0.34: Company warns for Q1, sees revenue of $40-$45 mln vs. First Call consensus of $73 mln and pro forma net income as $0.04-$0.06 per share loss vs. First Call consensus of breakeven; "Current business conditions continue to be very poor. New order activity has remained weak throughout the quarter and our overall backlog has declined. The magnitude of this downturn is greater than we, or our customers anticipated, and the progress in reducing excess inventory in the channel appears to be slower than they originally thought." Watch for sympathetic reaction from sector peers PMCS and BRCMApplied Micro (AMCC) 14.20 +0.34: -- Update -- Conference call on guidance at 5:00 pm ET;

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