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To: drsvelte who wrote (12331)	3/3/2000 11:16:00 AM
From: The Ox	Respond to of 14427

doc, I don't know about 'expert' and I'm not sure I like the implications of being an expert in 'nosebleed P/E territory" stocks<g>. My 'rational' side say that AMCC is way overdone and should correct 20 to 40% from here. My irrational, momentum side says that the market is in love with this company right now and why fight it? I personally am not buying at this level. I do greatly regret not picking up any stock when it dropped below $200 but I wasn't following the market during that brief period the other day. 80+ price to sales ratios and a 400+ P/E for a company growing at 50-60% a year seems a bit too rich for my 'new money'. Great company, great products, great future, great technology. What price can you pay for all that? I don't know if this helps? I look at the chart and my read says buy when it drops below the uptrend line. That strategy has worked very well with AMCC.

To: drsvelte who wrote (12331)	3/3/2000 11:19:00 AM
From: SJS	Read Replies (2) \| Respond to of 14427

Chip, I can't speak for Mike, but I agree with doc on the PE side of things. HOWEVER, technicals are looking good for this company, and they have a strong analyst following. That being said, you saw what just a downgrade on valuation did to CNXT, and ANY stock like PMCS, or AMCC or ANY high flying chippie could suffer the same fate in a nanosecond. So.....while the party's on, it's time to party. Just be cautious when it turns. I do FUNDAMENTALLY like the company very much, and have both my IRA money and my son's college money in their stock. Steve