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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (143)	12/7/1999 10:53:00 PM
From: Lost1	Read Replies (1) \| Respond to of 2850

Excellent post John! You're a sharp fellow.

To: John Pitera who wrote (143)	12/8/1999 8:49:00 AM
From: wlheatmoon	Read Replies (1) \| Respond to of 2850

AMCC BRCM CNXT INDUSTRY FUNDAMENTALS STRONG. ESTABLISHING 2001 REVENUE AND EARNINGS ESTIMATES [FirstCall Notes · Rcvd: Dec 7, 11:20 PM EST ] BofA Montgomery (Gauna, Alex 415-913-6323) * Establishing 2001 revenue and earnings estimates for Strong Buy rated AMCC, BRCM, CNXT, GALT, PMCS, and VTSS, and Buy rated EXAR and TXCC. * Raising price targets on BRCM, CNXT, and PMCS to $300, $100, and $175, respectively. * Industry trends remain remarkably robust. The December quarter is tracking toward materially exceeding Street estimates, as is March. * Management teams, distributors, and industry sources with whom we are in contact are increasingly optimistic on the broadband IC opportunity in calendar 2000. <snip> Conexant* (CNXT - Strong Buy) Conexant continues to represent one of the most attractive value propositions in the broadband semiconductor space. Analog modems continue to ship well in the December quarter, aided by accelerating Asian and European markets that are playing catch up with a stunning, Internet driven, North American economy marked by low unemployment, low inflation, and high productivity. By some estimates, North America represents 50% of the on- line users today yet only 5% of the global population, setting the stage for years of strong analog modem penetration in overseas markets. We are conservatively modeling declining analog modem revenues in 2000 and 2001, which builds tremendous leverage into our model if these modems continue to be growth drivers as we suspect. We are establishing a 2001 estimate of $1.00, and increasing our price target to $100 from $80, or roughly 1 times the company's forward growth trajectory of 100% (19% sequential growth compounded).