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$8.45 -0.10 (-1.17%)
7/23/2008 4:00 PM

Applied Micro Circuits Corp (AMCC)

CAPS Rating:
***

The Company is in the business of semiconductors and printed circuit board assemblies for the communications and storage markets. It designs, develops, markets and supports integrated circuit products, embedded processors and storage components.

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Avatar NeroSagetrade (88.44) Submitted: 12/13/07 10:17 PM : Outperform Start Price: $9.76 AMCC Score: 0.57

Applied Micro Circuits is one of the very few bargains out there that I simply cant resist at these levels. AMCC manages to always dance around the breakeven line earning somewhere between 2-10 cents in EPS each year. They recently completed a 1 for 4 reverse split which should help retire an overabundance of shares and reduce expensing. Overall AMCC has a ton of cash on hand so Im not worried about their liquidity even in a soft market. The company seems attractive here as a possible takeover candidate even. If you put money into AMCC and come back in 2 years I feel you'll have yourself a double.





Nero


Sagetrade

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