Applied Micro Circuits Corporation Reports Third Quarter Fiscal 2001 Financial Results
Record Revenues of $143.3 Million; Pro Forma Earnings Per Share $0.16
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Commenting on the quarter's results, Dave Rickey, Chairman, CEO and President of
AMCC, said, ``Our communication business continues to grow impressively, posting
37% sequential growth for the AMCC base business and 34% on a pro forma combined
basis, with MMC Networks included for a full quarter. This strength is being driven by our
newer offerings, particularly 10-gigabit and framer layer products. In addition, our
communication book-to-bill continues very strong at 1.33 for the quarter.''
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Link:
biz.yahoo.com
additional info:
January 16, 2001 4:45pm
Applied Micro tops 3Q expectations
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Applied Micro's communication business increased 37 percent for the company's core
business and 34 percent including a full quarter's results from the MMC. Communication
book-to-bill was 1.33 for the quarter.
Nortel Networks (NYSE: NT) remained Applied Micro's largest customer, generating 18
percent of revenue. About 68 percent of that Nortel revenue was for more recent standard
networking products, rather than legacy chips.
Cisco Systems (Nasdaq: CSCO) was Applied Micro's second largest, at 10 percent of
revenue.
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Link:
zdii.com |
