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Strategies & Market Trends : Steve's Channelling Thread

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To: James Calladine who wrote (18785)	6/26/2001 8:12:45 AM
From: James Calladine	Read Replies (1) of 30051

AMCC DOWNGRADES (FROM BRIEFING) <<<08:07 ET Applied Micro (AMCC) 14.20: -- Update -- Wall Street slashing estimates for a couple years out after company preannounced a significant Q1 shortfall and indicated that it has seen few signs of improvement. Goldman Sachs cutting its FY02 estimates to rev. of $173 mln and EPS of ($0.15) from $233 mln and ($0.05); FY03 lowered to $255 mln and ($0.04) from $315 mln and ($0.05)... CSFB even more aggressive with its cuts, lowering FY02 rev. to $139 mln from $333 mln and FY03 to $169 mln from $455 mln. On a more positive note, Goldman thinks that since warning was widely anticipated the shares actually could hold relatively firm in the near-term.>>> Namaste! Jim

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