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

To: Ibexx who wrote (1679)	10/23/2001 9:56:06 PM
From: techanalyst1	Read Replies (1) \| Respond to of 1805

I don't really know why, but amcc has a number of other favorable attributes to the stock: Ceo bought a lot of shares on the open market Company has a generous stock buy back in place and has actually been buying back shares Revenues really did come in where guidance was and flat q over q with guidance the same for next quarter. Likely this really does represent the bottom in revenues Earnings loss was a penny better than expected No more lay offs Guidance for at least some growth next year and it's no worse than the ceo thought in July Csco is the biggest customer and they are stable according to John Chambers. David Rickey seems to agree at least as far as amcc goes Broad breadth of products Pricing is not coming under pressure Some old design wins are worthless but new ones are replacing them Book to Bill greater than one on some products (still less than one overall) Lots of cash in the bank Loss estimates were reduced by analysts Good management Um... did I miss anything else? I still think it's pretty expensive and will move into a range and have my doubts that it will go over 13 for a while but who knows? The stock looks good other than low volume. TA