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

To: The Ox who wrote (665)9/5/2000 2:25:29 PM
From: SJS  Respond to of 1805
 
I would add it was based on valuation, and NOT fundamentals. Acutally, Briefing.com reports that the target was raised to 230 based on value of acquisitions...
___________

07:54 ET Applied Micro (AMCC) 204 3/16: PaineWebber downgrading to ATTRACTIVE from BUY, citing valuation. Raising price target to $230 from $210 because of value added by pending acquisition.



To: The Ox who wrote (665)9/5/2000 3:25:14 PM
From: Trader Dave  Read Replies (2) | Respond to of 1805
 
Correction:

it was downgraded by (use impossibly squeaky voice here)

David "I had a sell rating on pmcs for 18 months because I'm a sell side ANALYST at a third tier boutique, Needham" Wong

Now it's David "I've upgraded to a third tier retail shop, but I still think I can make valid valuation calls" Wong.

AMCC's valuation may be healthier and the run up may be due for a breather, but no one makes any money listening to David Wong.

TD


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