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

To: Drake who wrote (1385)3/1/2001 1:34:56 PM
From: SJS  Read Replies (1) | Respond to of 1805
 
STOCK halted on earnings warning....
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13:30 ET Applied Micro (AMCC) 25 1/4 -1 1/2 (-5.6%): -- Update -- Instead of press release, communications chip maker uses CNBC interview to disseminate warning. Company guiding down MarQ revenue est. to range of $125 to $135 mln, compared to current consensus of $162 mln.



To: Drake who wrote (1385)3/1/2001 2:08:41 PM
From: pat mudge  Read Replies (1) | Respond to of 1805
 
exec at AMCC dismissed rumor about their losing NT contract -- called it, as I recall, a silly rumor from a message board.

If NT is their primary problem, isn't this news already factored into JDSU's numbers? It appears AMCC is simply slow to readjust numbers.

How many shoes are left to fall?

Pat


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