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

To: Trader Dave who wrote (931)	11/7/2000 6:24:04 PM
From: SJS	Read Replies (2) \| Respond to of 1805

TD, They said they were going to work that inventory off in the next 1 to 2 quarters. That mean, if they work it off, then don't get as many new chips from all these guys, until they get hungry again. Confusion does reign. There are polar opposites in opinion and facts right now. However, either FUD is winning, facts are winning, or we've coming up on the best buying opp in the world. If were wrong, we crash and burn (like today, and like what happened after NT reported). If we're right we recapture some small percentage but not all, of the recent highs. How do you evaluate the risk/reward? Steve

To: Trader Dave who wrote (931)	11/7/2000 6:31:29 PM
From: MGV	Respond to of 1805

Right, CSCO is not seeing a slow down. That is why they guided 2001 growth rate to 50-60%, EPS up and their book to bill is over 1. But that isn't the only reason they are building inventory, is it? Component shortages caused them to build a safety hoard. As the shortages are alleviated it makes sense that inventories will be worked down given a constant growth rate. So, the inventory build is a net negative, albeit one that has been overly discounted because of overall confusion. I don't mind the confusion.

To: Trader Dave who wrote (931)	12/2/2000 3:46:52 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 1805

here's a laugh. did you check out the trifecta the clown at lehman pulled this week? * Nov 30 - AMCC was rated new "neutral" in new coverage by analyst Arnab K Chanda at Lehman Brothers * Nov 30 - PMCS was downgraded to "neutral" from "outperform" by analyst Arnab K Chanda at Lehman Brothers * Nov 30 - VTSS price target reduced to $50 by analyst Arnab K Chanda at Lehman Brothers a blurb (emphasis mine): "PMC-Sierra sells roughly 30-35% of its products through distribution and about 60% through contract manufacturers; but the overall contract manufacturing exposure is closer to 80% given that much of the distribution sells to contract manufacturers. Post the Altera report, which spoke of order cancellations from contract manufacturers, and given the PLD [programmable logic device] vendors sell to similar customer and similar end-markets, we believe that the communications IC vendors may also see an effect." oh, fck, if Altera's blowing up, we are DOOMED. i wonder if he even bothered to talk to Luke and Levy (and Sue). for kicks, i took a peek at his cohorts. steve levy: Nov 30 - Ciena reiterated Buy * Nov 22 - Tellabs reiterated Buy * Nov 15 - Sycamore reiterated Buy mark sue: * Nov 30 - Juniper reiterated Buy tim luke: * Nov 23 - Nortel upbeat analyst day levy even threw LUzer's Microelectronics a nice bone on thursday. is it december yet? i think i will give myself a early x-mas present and get a lobotomy. do my part to further dumb down the sell side. mercy me.