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

To: SJS who wrote (245)	11/11/1999 10:15:00 AM
From: Beltropolis Boy	Respond to of 1805

as an AMCC, PMCS and VTSS shareholder, i'll refrain from referring to Joe as Oshaddup. today. fwiw, some excerpts follow. in addition, here's a backdoor link that may or may not work for you: askmerrill.com -chris. ----- Applied Micro Circuits Upbeat Analyst Meeting 10 November 1999 Investment Highlights: * The company held an upbeat analyst meeting after the market close on Tuesday. * We left the meeting with increased confidence in the company's ability to meet or beat our FY00 and FY01 estimates. * AMCC remains a leading supplier of high-end SONET components which are used in optical transmission equipment, and we expect the company to continue to benefit from the buildout of Internet transmission infrastructure. We reiterate our Accumulate/Buy rating on the stock. Our 12-to-18-month price objective is $105 based on 27x our FY01 revenue estimate. Fundamental Highlights: * Demand for bandwidth remains strong at ISPs, which bodes well for suppliers of SONET components such as AMCC. * Management indicated that they are not seeing a buildup of inventory at equipment OEMs due to Y2K concerns. * The company continues to see good design activity at suppliers of high-end communications equipment.