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 (1628)	10/19/2001 1:34:03 AM
From: techanalyst1	Read Replies (2) of 1805

David Rickey agrees with me. Listen to the cc. Customers were ordering more than they needed and are continuing to work that inventory off. They have about 5 months worth of inventory left still and will likely start ordering again in a couple months or so. There isn't anything that wasn't said at the annual meeting (which I already posted) other than a "shot in the dark" for revenues when they do get going again and that is for $70-80 million per quarter. Consensus for FY 2003 is $417 million with a range of $299-$500 million. Personally, I think it's too far away to give guidance but that came from the ceo in response to a question that was asked. I still like the company. I still think it's priced higher than where I would buy it. I still think it goes into a trading range. I'll be surprised if it can go over 13, but who knows? I'm not sure if I'll bother listening to pmcs. They seem to be in a mess over there. Vtss obviously is also coming in with less revs this quarter than last since they warned the day before the WTC. Not sure why amcc is in better shape than the other two. TA

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