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

To: The Ox who wrote (643)8/28/2000 11:15:53 AM
From: Joanne Fishman  Read Replies (1) | Respond to of 1805
 
AMCC CEO Rickey on CNBC this morning. When asked whether AMCC was overpaying, he said if anything MMCN is growing at a faster rate than AMCC, i.e., more than 50% a year. In addition, he said acquisition will be accretive from Day 1
and product lines are complimentary. According to Rickey, in a fast-moving market you cannot wait to develop product but rather you must buy growth. Time to market is critical--both for OEMs and their customers.
--Joanne



To: The Ox who wrote (643)8/28/2000 5:23:20 PM
From: Guy Gordon  Read Replies (1) | Respond to of 1805
 
Two thoughts:

1. AMCC is paying a huge amount for this company.

2. This looks like a copycat merger. PMCS just acquired Quantum computing.


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