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

To: BWAC who wrote (1570)	9/25/2001 6:32:03 PM
From: techanalyst1	Read Replies (1) \| Respond to of 1805

Well.... It's not quite that simple. They merged with MMCN since then. I live in So. Cal. and I know that at $40,000 per employee plus costs (I've been to their office in San Diego... which isn't their only office) to run their offices wouldn't go all that far. (Yes, some employees aren't that expensive, but you still have health insurance, payroll taxes, auditors, utilities, leases, etc). Maybe they have cut some costs and closed some offices, laid off people, but that doesn't change top line. If they lost money last quarter, then it's not likely they'll suddenly go cash flow positive just on cost cutting. They still have R/D. Besides that, alot of stocks I've seen are at better valuations than they were two years ago. That was when earnings were increasing and there was a raging bull market. It doesn't really matter. P/S is high, comparatively speaking. Maybe it bottoms here, I do not know. But that doesn't change the fact that it's expensive from a historical perspective. If we had more buyers than sellers/shorters then the stock would go up. And right now, people are obviously not on the net buying side. Please, don't shoot me. I'm on your side. I hate seeing the carnage out here. I can imagine David Rickey just cringing at what has happened. Course we could get insiders to actually step up and buy on the open market. At least David Rickey has exercised options and held, but it would be nice to see actual insider buying out of their own pockets. TA