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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: WiseGuy who wrote (9282)	1/16/2001 7:46:30 PM
From: WiseGuy	Read Replies (2) \| Respond to of 14638

In a Tuesday afternoon conference call, Applied Micro CEO Dave Rickey told analysts to expect fourth quarter growth in the high teens, and maybe near 20 percent, from the $150 million in third quarter revenue generated by the combined Applied Micro and recently-acquired MMC Networks. That implies sales approaching $180 million for the March quarter. Analysts were predicting revenue of $146.7 million, according to First Call. "Our demand has remained strong," Rickey told analysts. "I have no tangible evidence that our overall demand run rate is going to slow down except the obvious macroeconomic concerns and my own ever present paranoia." zdii.com -------------------------- I hope that NT does not raise guidance again this quarter because that would just make analysts feel even more uncomfortable about NT's meeting its lofty expectations. The worst thing is to raise it and then miss it or have to lower it again. It is good though to hear from AMCC and JNPR the environment is not as bad as everyone has feared in the communication space.