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December 12, 2012
08:22 EDTAMCCApplied Micro shares should be bought at current levels, says Sterne Agee
Sterne Agee expects Applied Micro to report break even EPS for its March quarter after five quarters of losses. The firm thinks the company has good near-term visibility while its new products are poised to ramp well. The firm maintains a $9 price target on the shares.
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