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

To: Wizard who wrote (1585)	9/26/2001 5:27:12 PM
From: BWAC	Read Replies (2) \| Respond to of 1805

<AMCC's estimates jump around so much over time that it really doesn't make sense to equate today's estimate to the 'right' price level for the stock. > Yet that is what is being done? <1b in cash guarantees their survival and so it is worth paying attention.> Yet the Yahoo's are talking bankruptcy? <The $40mm in revenues is so depressed by the inventory correction and end market weakness that it is not even sensible to use it for forward estimates> Yet the estimates out a few quarters are in fact derived from this number?

To: Wizard who wrote (1585)	9/26/2001 5:30:05 PM
From: techanalyst1	Respond to of 1805

Yeah I agree with that. Why bother and price them on p/s when they have so little. May as well use cash level in that case. But with so little in sales, that cash can get burned up too. So many companies are selling for less than cash so I wouldn't rule out seeing that on this premier company either. I think alot of these companies are going to go belly up. When there are orders, going to be less competition. Bob Bailey's words of three IC chippies surviving might come true sooner than he thought. Vtss is now selling for under their Oct. 98 lows. Not sure what the margin requirement levels are for stocks, but seems to me that it takes out some liquidity with stocks so low in price. Companies are probably wishing they hadn't done so many splits. (In amcc's case... David Rickey said at the annual meeting in 2000 he wasn't planning on doing another split. Not sure why he did, but I'll bet he's sorry he did). Shorts having a day with all these stocks I bet and no buyers willing to step up. TA