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

To: Kayaker who wrote (284)	1/11/2000 7:37:00 PM
From: SJS	Read Replies (2) \| Respond to of 1805

Applied Micro Circuits from CSFB Impressive Quarter Results Form Basis for Increased Estimates FY00E: $0.71; FY01E: $1.12 · AMCC beat its revised (pre-announced) guidance for F3Q00 by reporting a $0.21 EPS on nearly $46 MM in revenue. Robust 25% sequential growth in communications continues to drive the story. · AMCC's largest customer, Nortel, grew 36% sequentially while non-Nortel revenue experienced mid-teen sequential growth. Management noted the slower growth could be a result of marginal Y2K inventory build-ups at certain smaller customers. · However, we have increased our estimates for FY00 EPS to $0.71 ( from .65) and FY01 to $1.12 (from $1.00) based off of the stated forward guidance management provided and the higher than expected revenue and margin results from the December quarter.