AMCC higher and forcing many bearish short sellers of the stock to cover their positions very soon.
AMCC Keep better-than-expected business
performance every Quarter.And for all of this fiscal year, ending March 2005, on projected revenues of $310 million-$320 million. The company is expected to earn something around $0.05-$0.07 a share.
Moreover, even after several acquisitions that nicely expanded the company's scope and customer list, Applied Micro still boasts a slug of cash -- roughly $1.50 a share -- and not a cent of long-term debt.
AMCC was not lowering Q2 and Q3 estimates for
sales.
Somebody will Upgrade to Buy soon.
O Clubeinvest.com informa que nenhuma da informação
aqui facultada deverá ser entendida como conselho ou recomendação
de qualquer tipo de transacção ou investimento.
