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

To: Kayaker who wrote (944)	11/8/2000 11:29:27 PM
From: Kayaker	Read Replies (3) \| Respond to of 1805

"Most of the communication systems companies haven't seen it yet," says Lehman Brothers analyst Dan Niles. "They're reporting strong order books from Nortel and Cisco. I hear that and I say, Oh, my God, we're dead. If you haven't seen the cutback in orders, that means it's right around the corner." Altera warned in early November that its revenue growth would be at the lower end of the 12% to 15% range the company had been forecasting. Niles thinks that there are more warnings to come. "These guys aren't used to the business being cyclical," said Niles. "Most didn't exist in their present form in 1995 and 1996. They look at the order books and say, This is fine. But they don't realize that it can vanish overnight. We'll get a rude awakening in Q4 and Q1." thestreet.com Niles Gets Serious on Semis 11/08/00 2:57 PM ET Dan Niles, who came out all aces on TSC's analyst survey, is really pounding the telco semiconductors. This isn't the first time, but he is saying that it is not too late to sell at all. Remember, Lehman is very powerful and his call has clout. He predicts that we are in the second inning of the decline! thestreet.com

To: Kayaker who wrote (944)	11/10/2000 11:37:55 AM
From: Kayaker	Respond to of 1805

Robertson Stephens Daily Growth Stock Update for AMCC, TGNT, AMD, CLRN, FS and SPG By: Robertson Stephens 11/10/00 6:52:30 AM Applied Micro Circuits Corporation (NASDAQ: AMCC/$63.19) Strong Buy Arun Veerappan, Communications Components/Semiconductor Devices “AMCC held its annual analyst and investor forum early this week to update investors on the company’s products and strategies following its acquisition of MMC Networks,” said Veerappan. “We have updated our model to reflect the closing of the MMC Networks acquisition, which was recorded using the purchase method of accounting. We have raised our revenue estimates for the third quarter, fiscal 2001, and fiscal 2002, but have left our EPS estimates unchanged to reflect the non-dilutive effect of the acquisition. For the third quarter of fiscal 2001, we are raising our revenue estimate from $117.4 million to $138.0 million. For fiscal 2001, we are raising our revenue estimate from $421.2 million to $474.1 million. For fiscal 2002, we are raising our revenue estimate from $700.0 million to $878.7 million. In conclusion, we believe that AMCC continues to execute strongly, and as a result, we are maintaining our Strong Buy rating.” cnetinvestor.com