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

To: SJS who wrote (522)	6/8/2000 4:07:00 PM
From: T-Lo Greens	Respond to of 1805

AMCC - i bot 12 jun 110 options for 3 3/8 will see how smart that is tomorrow... best of luck

To: SJS who wrote (522)	6/8/2000 4:21:00 PM
From: The Ox	Read Replies (1) \| Respond to of 1805

Hi Steve. From Thomson's: AMCC -- Semicndtr-Intgrtd Circs -- Technology 08-Jun-00 11:53:56 Advanced Micro Circuits is bouncing higher today after yesterday's near 10-point drop. Expectations of slower sales growth to AMCC's largest client, Nortel Networks (NT), sent the stock plunging. Analysts came out in defense of the company, suggesting that any weakness in the stock is short-term. Today, AMCC CFO William Bendush offered more reassurance, stating that the decline in NT sales will not hurt the company's FY01 1Q sales. AMCC has rebounded $5 3/4 to $102 3/4 on moderate volume. Four million shares have crossed compared to the 10-day average daily volume of 7 million shares, but well below Wednesday's 25 million shares. About 30% of total activity stems from block trades, suggesting that institutional participation is heightened. Despite the strong presence of institutional players in the market, there is little institutional interest in the I-Watch pre-trade market. As investors are not relying on institutional brokers to work trades, this suggests that many of the participants are more speculative in nature. Additionally, much of today's gains are related to short-covering, following yesterday's plunge. Retail investors are active as well, adding to the volatility. Most investors will likely wait for further evidence of non-Nortel customer growth before adding to their investments, which will keep a lid on AMCC's recovery in the near-term.