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

To: G.F. who wrote (1622)	10/12/2001 1:54:53 AM
From: techanalyst1	Read Replies (2) \| Respond to of 1805

No. I'm not using recessionary pe's. Amcc doesn't have a forward pe. I'm using price/sales plus cash. Even if amcc were to double their sales (David Rickey already said this quarter will probably be flat with last quarter, so sales are in the $40 million range and not much better until AFTER their next FY starts which is after March at which time he's expecting "moderate growth" whatever that is), it's still a p/s of nearly 8 plus the cash on hand at a share price of 12. No matter how you slice it, it's expensive. That doesn't mean it won't go higher, as we've seen in the past. TA