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

To: Don Miller who wrote (1429)	3/23/2001 1:27:11 PM
From: Raymond Duray	Respond to of 1805

Hi Don, Thanks for the compliments. I live in Bend, OR and am a former citizen of San Francisco, so I'm very much a sidelines observer*. Perhaps moreso than I ought to be, but right now, I see the power issues in California to be a lot more compelling than deciphering the next wiggle in SONET vs. DWDM muxing semiconductor design wins. As the development of Internet infrastructure slows to a crawl, AMCC will be less compelling a story than the imminent legal battles surrounding the California energy market. Thirteen energy providers have a deadline of 5 PM EST today to contest the FERC's demand for a disgorgement of $124 MM in excess profits. But the court case just initiated by the Cal ISO for the return of $6.2 Billion is the one that ought to keep the IPPs and gas guys on their toes. Hope they have more bomb-proof methods of eradicating incriminating emails than Mr. Softie had. ;~). This is going to be the subject of a very interesting business book. Shoot, mebbe I ought to write it! Have a great weekend! Best, Ray :) *About 3 months ago, the BPA told my local electric co-op that it wanted to raise our rates by 430% on Oct. 1! With squeals coming from all their customers, BPA is relenting and now suggesting a mere 130% rate hike. This is our first hike since the WPPSS fiasco in 1983, so I guess we were due. Ironic that it is once again to be caused by mis-management. One of the BPA ploys I simply can't understand is how they could write 10 year contracts for 11,000 Mw of power in the summer of 2000, when they knew that the system was only capable of generating 8,000 Mw. Yet another example of the insanity of the "power marketer" concept, run totally amok.