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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (9273)	1/16/2001 6:00:36 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

Applied Micro Circuits Corporation Reports Third Quarter Fiscal 2001 Financial Results Record Revenues of $143.3 Million; Pro Forma Earnings Per Share $0.16 snip 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.'' snip Link: biz.yahoo.com additional info: January 16, 2001 4:45pm Applied Micro tops 3Q expectations snip 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. snip Link: zdii.com