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

To: Alec Epting who wrote (23)	1/21/1998 1:45:00 PM
From: Jim (Hijacked)	Respond to of 1805

From Briefing, <<APPLIED MICRO CIRCUITS CORP (AMCC) 15 1/2 +1/2. Few seem to be interested in this maker of telecommunications equipment, despite the company's report of extremely strong 3rd qtr results. For the period, earnings per share rose 100% and revenues increased 36% to $0.20 and $19.7 million, respectively. The bottom-line results were 9 cents, or 82%, ahead of the mean estimate of three analysts surveyed by First Call. Sequentially, net income increased 37% and revenues 8%. Based on current estimates for 1997 ($0.42) and 1998 ($0.52), AMCC shares carry a multiple of 37 and 30, respectively. AMCC is a recent initial public offering. The stock debuted on November 25 at $8 per share, in a deal led by BancAmerica Robertson Stephens, NationsBanc Montgomery Securities Inc. and Cowen & Company. >> Look for upgrades and raising of the estimates fairly soon. Current 52c estimate for 1098 looks very low. This could be a big one. Good luck.