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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (94976)	3/1/2001 2:50:37 PM
From: DiB	Respond to of 152472

From theStreet: The chief executive of Applied Micro Circuits (AMCC:Nasdaq - news) lowered the company's revenue guidance in a statement he read on television this afternoon. The CEO, David Rickey, said the integrated circuits maker now expects fourth-quarter revenue of $125 million to $135 million. First Call/Thomson Financial carries a top line estimate of $175.5 million, but that projection is based on only one analyst. The company, which is based in San Deigo, had revenue of $57 million in the year-ago period. Shares of Applied Micro were halted this afternoon, but last traded on Nasdaq at $25.31, down $1.44 on the day. The stock has traded as low as $24 today, and the 52-week closing low is $26.56.