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

To: SJS who wrote (1399)	3/1/2001 3:21:08 PM
From: Jack Hartmann	Respond to of 1805

Steve, I think you hit it. Hedge funds are going to squeeze the shorts today. Meanwhile AMCC has lowered revenues sequentially. I didn't hear the earnings guidance. Anyone? Jack

To: SJS who wrote (1399)	3/1/2001 3:35:36 PM
From: DiB	Respond to of 1805

From Briefing: 3:05PM Dow -93, Nasdaq -36, S&P -10.72: The Nasdaq is making a nice rebound since Applied Micro (AMCC +2.81) re-opened for trading. While AMCC with its $7.8 bln market cap is not huge, it's sentiment that's driving the Nasdaq as traders are viewing AMCC's resilience as a bargain hunting catalyst. The best signal of a bottom, often, is a stock trading up on bad news.... 2:53PM Applied Micro (AMCC) 27 11/16 +15/16 (+3.5%): -- Update -- Investors taking AMCC's warning rather well, with stock racing off its opening lows. Magnitude of top-line revision viewed as minor relative to guidance issued by others in tech. Positive reaction helps PMCS (+1 5/8) pull out of the red