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


To: Kayaker who wrote (538)7/5/2000 1:09:16 PM
From: Kayaker  Read Replies (1) | Respond to of 1805
 
Veritas, Applied Micro Circuits Look Like Hits
By John Leo, George Gilbert, Fund Managers
Monday July 3, 7:00 am Eastern Time
Morningstar.com

Northern Technology Fund's (Nasdaq: NTCHX - news) managers, John Leo and George Gilbert, look for fast-growing tech firms. They've put together a solid record while at the helm of this fund. Today, they discuss two of their favorite stocks, Veritas Software (Nasdaq: VRTS - news) and Applied Micro Circuits (Nasdaq: AMCC - news)....

Another one of our favorite picks is Applied Micro Circuits. This company makes semiconductors for telecommunications and data-networking equipment, so sales are being boosted by the boom in high-speed Internet networks. It is the market leader in chips used in wide-area networks.

Applied Micro appears to have enough momentum to reach an annualized earnings-growth rate of 45% over the next three years in a market that has the potential to reach $100 billion in sales within five years.....

biz.yahoo.com