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Technology Stocks : Applied Micro Circuits Corp (AMCC)
AMCC 8.4500.0%Feb 3 4:00 PM EST
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To: craig crawford who wrote (71)6/30/1998 5:05:00 PM
From: Geary Kwong  Read Replies (1) of 1805
 
I think AMCC has to go back up to $30+ before the major covering takes effect. But in two weeks the stock went up over 45%, I picked up some more at $18(two weeks ago). So has the shorts covered?

How do you think AMCC is going to be affected by NTs acquiring BAY? Over 10% AMCC business belongs to NTs. I wonder if the added capacity will increase their sales to Cisco.

Any Thoughts
Geary
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