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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (4832)	9/9/2000 1:14:01 AM
From: Joanne Fishman	Respond to of 5853

Hello, Frank: Just passing along info from the AMCC SI thread re. this member of the Gilder telecosm list... Joanne September 9, 2000 Applied Micro Circuits To get The Internet Financial Connection Newsletter e-mailed to you for FREE, send a blank e-mail to ifc-subscribe@topica.com. In 1999, 185 stock ideas appeared in the IFC. As of July 3, 2000, the average return for each one of the 185 stocks was 56.32 percent. Patrick Dalton of J.W. Burns & Company jwburns.com, provides the following stock idea. Below is the write-up. Applied Micro Circuits (AMCC 199) is a maker of high-performance semiconductors primarily used in the communications market. The company caters to many prominent clients including: Alcatel, Cisco, Juniper Networks, Lucent Technologies, Nortel Networks, Nokia, Siemens and 3Com. Patrick Dalton of J.W. Burns & Company favors AMCC for several reasons. First, it is one of only a handful of companies that are manufacturing chips using Silicon Germanium (SiGe). These chips are up to three times faster than traditional silicon and consume less power. He also points out that AMCC sports an impressive book-to-bill ratio, in excess of 1.3. That means, for every product the company ships, it receives orders for more than 1.3 new products. "AMCC also has a significant number of design wins in the pipeline," he says. "That indicates AMCC will have strong revenues and earnings down the road." Business is very strong for both AMCC and MMC Networks On Aug. 27, Applied Micro Circuits announced that it would buy MMC Networks, a maker of network-processing platforms, for $4.5 billion. The transaction is expected to close in the fourth quarter of this year. On the day of the acquisition announcement, the shares of AMCC opened 15 points lower from the previous trading session. Dalton stepped up to the plate and aggressively bought the stock. This pro views the merger as "very complimentary." He adds that the combined company will offer a more comprehensive line of products that will be brought to the market much faster. According to Dalton, "Business is very strong for both AMCC and MMC Networks. . . The combined company is more likely to exceed earnings estimates." He views the combination of the two companies as extremely beneficial and thinks the shares of AMCC will move "a lot higher" over the next 6-12 months. Click here to receive two FREE weeks of Investor's Business Daily. It will be delivered to your home or office every business day. There is no commitment and you will NOT receive a bill unless you ask to continue your subscription. "One of the best sources of financial information available!" Mark Johnson, editor of the Internet Financial Connection.