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


To: FR1 who wrote (1486)4/24/2001 6:32:42 PM
From: Stoctrash  Read Replies (3) | Respond to of 1805
 
...it's toast
....no turn in sight
.....21.70 AH right now.

Obviously nobody wants to believe this is WORSE than the '98 semi meltdown. FACE the FACTS....biz is sucking and nobody knows if it will be 2M or 6M before it makes a solid turn or if there will even be a growth turn in the next YEAR.

On the valuation front; there at ~500M run rate...market cap of ~6.2B??? I'd use like 3-4x sales on this stock for a bottom, so you're looking at major damage,,, to single digits on the stock price as it gets chopped in 1/3 over the next few weeks/months, IMO.

Enjoy the ride...!!
"Single Digits"



To: FR1 who wrote (1486)4/24/2001 6:47:10 PM
From: Dave  Respond to of 1805
 
FR1,


They will break even next quarter (just barely)


I recall them stating 0-0.02 EPS next quarter and that there is no visiblity.



To: FR1 who wrote (1486)4/24/2001 6:47:29 PM
From: Ibexx  Read Replies (1) | Respond to of 1805
 
I added a heavy slug at $13.50 two weeks ago (remember that Friday?). Hope the opportunity will present itself again.

Ibexx

PS: I checked each trade registered on Instinet. All small trades, with only a handful of blocks of the size under 10,000. Not sure what tomorrow will bring.