Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dave who wrote (1485)	4/24/2001 6:14:35 PM
From: FR1	Read Replies (3) \| Respond to of 1805

Actually it's down after hours to 23.00 right now. AMCC is really working over the reporters. They want a low expectation from First Call. I love it. Things like: "If you heard our guidance, it's pretty dismal." "I'll believe recovery when I have hard orders in my hand." They are setting up real low forcast numbers. On the good side: They are not laying off anyone. They have a good cash position. They will break even next quarter (just barely) When pushed, they said "from ancidotal evidence and discussions with CEOs we think the bottom will be June." Then they quickly say anything can happen. Bottom line (IMHO): It is a good time to accumulate AMCC. You buy when it is low. You know that a year from now it will be a expensive stock and you won't be able to afford much.