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

To: FR1 who wrote (731)	10/11/2000 4:04:52 PM
From: Kayaker	Read Replies (1) \| Respond to of 1805

Applied Micro Circuits Corporation Announces Two-For-One Stock Split WEDNESDAY, OCTOBER 11, 2000 4:02:00 PM EST SAN DIEGO, Oct 11, 2000 /PRNewswire via COMTEX/ -- Applied Micro Circuits Corporation (AMCC) (Nasdaq: AMCC) today announced that its Board of Directors approved a two-for-one stock split, to be effected in the form of a 100% stock dividend. Holders of AMCC's Common Stock will receive one additional share of Common Stock for every share held on the record date of October 16, 2000. The additional shares will be distributed on or about October 30, 2000 by the Company's transfer agent, Computershare Investor Services. The stock split will also automatically cause the exchange ratio in the proposed MMC Networks merger to adjust so that each share of MMC Networks common stock outstanding at the effective time of the merger will convert into 1.238 shares of AMCC common stock. There will be an equivalent adjustment automatically made to all MMC Networks options assumed in the merger. The other terms of the merger are unaffected by the stock split. AMCC designs, develops, manufactures, and markets high-performance, high-bandwidth silicon solutions for the world's optical networks. The Company utilizes a combination of high-frequency analog, mixed-signal and digital design expertise coupled with system-level knowledge and multiple silicon process technologies to offer integrated circuit products that enable the transport of voice and data over the fiber optics networks. AMCC's corporate headquarters and wafer fabrication facilities are located in San Diego. Sales and consulting engineering offices are located throughout the world. For further information regarding AMCC please visit our Web site at amcc.com or call our shareholder information line at (888) 982-AMCC (2622).