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

To: techanalyst1 who wrote (1652)	10/17/2001 6:41:08 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 1805

Hi ta1, I sure didn't want to give you or anyone the impression I was interested in the LEAPs. Your analysis is sound, but yer preachin' to the choir here. It's our friend, FR1, who seems to see his way clear to think in the fashion that options salesmen hope him to......... <w> Re: This stock is going to trade in a range anyway. Valuation is not going to let it rise significantly until they get better revenues. IMVHO, the gravy days are gone for AMCC. It was a growth story, and there ain't none worth mentioning on my radar. I believe the market will rationalize over the next few quarters and begin to see this one for what it is, a cyclical stock in a moderately growing sector. Best, Ray