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Technology Stocks : PMC-Sierra (PMCS) - moderated -- Ignore unavailable to you. Want to Upgrade?

To: Kayaker who wrote (49)	10/13/2000 11:06:00 PM
From: SJS	Read Replies (1) \| Respond to of 469

Yak, I don't know. But it's a good question. Might it be based on the valuation of current business in T1/E1 and ATM vs AMCC and it's optical future? I will look for anything I can find to help here. Maybe TD (or BD......<grin>) would have a idea they could share. Steve

To: Kayaker who wrote (49)	10/14/2000 12:16:50 AM
From: Bob Kim	Respond to of 469

Yaker, I don't know about the others, but many ML price targets are set based on the stock price at the time the target is established. ML's PMCS $300 target was set in July when PMCS was close to $230. AMCC's was set in August when the stock was in the $180s. At ML a Buy rated stock should offer at least 20% implied upside. restex.com