Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Applied Micro Circuits Corp (AMCC) -- Ignore unavailable to you. Want to Upgrade?

To: Trader Dave who wrote (206)	10/14/1999 12:51:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 1805

count me in! man i love the GTC order. (well, "good til 60 days" now that waterhouse changed it) someone know something we don't? someone certainly didn't like it sub-$60. [except me, of course <vbg>.] my freebie intraday chart says it stayed there for all of 10 minutes. oops ... spoke too soon ... going back down. man, i should go get my double-wrapped black bean burrito with extra habanero sauce already and lay in the sunshine for a spell. enough of this cathode-ray tube tan. sorry for the self-absorption. can't help but be a wee bit wet-pants excited on a day that i buy! bye, -chris.

To: Trader Dave who wrote (206)	10/15/1999 1:28:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 1805

>God forbid they report an in-line quarter! can you say "big blew" [sic]? i suppose we should be thankful today that we didn't catch shrapnel from LAN-WAN boy wonder MMCN. or perhaps this just means that Rickey's given us the green light to steal second base (i.e., their layer 2 bidez from CSCO/LU) ... <vbg> ----- October 15, 1999 10:56am MMC Networks' CFO jumps, avoids sinking 4Q, shares By Tiffany Kary ZDII MMC Networks (Nasdaq: MMCN) fell 18 percent Friday after its chief financial officer, Uday Bellary, resigned amid news the company would see significant sales declines in its fourth quarter. Shares fell 3 7/16 to 27 7/8 after the network processor maker announced Bellary, who is leaving to pursue start-up opportunities, will leave the company Oct. 31. After Thursday's closing bell, the company announced a sliver of good news: net income for the third quarter was $4.9 million or 14 cents a share, squeaking by First Call's estimate of 13 cents a share. But it also sees a large wedge coming out of fourth quarter revenue. MMC had said in an Aug. 31 press release that IBM's exit from the LAN switch/router business might result in a 5 to 10 percent sequential decline in its fourth quarter. "Based on recent discussions with IBM, we now believe that fourth quarter fiscal 1999 revenues will be lower than previously announced on Aug. 31 due to backlog cancellations and negotiations over chip work-in-progress," said Doug Spreng, president and CEO in a company release. Spreng also said "MMC continues to build momentum that will help broaden our customer base." MMC plunged in September plunge because of its undiversified customer base? MMC's $4.9 million net income this quarter is up from the $4.1 million or 12 cents a share for the second quarter, and net income of $3.0 million or 9 cents a share for the third quarter of 1998. Revenue for the was $23.1 million, up 65 percent from $14.0 million in revenues reported in the third quarter of 1998. zdii.com