StockIceMan's Weekly Stock Pick
Week of
April 17, 2006
| Stock: |
Applied Micro Circuits
Corporation |
|
|
| Ticker Symbol: |
AMCC - Nasdaq - Semiconductors |
|
|
| Buy: |
3.50 to 3.75 |
|
|
| Sell: |
5.00 |
|
|
|
Info: |
Applied Micro Circuits
Corporation (AMCC) engages in the design,
development, and marketing semiconductors,
embedded processors, and storage components for
the communications and storage equipment
markets. The company provides various
semiconductor products, including physical layer
products, such as transceivers; overhead
processing products, such as framers and mappers;
and higher layer products, such as network
processors, traffic managers, and switch
fabrics. Its semiconductor products are used in
various communications equipment, including
routers, optical and digital cross connects,
voice and media gateways, add-drop multiplexers,
multiservice provisionary platforms,
multiservice switches, digital subscriber line
access multiplexers, and wireless base stations
and access points. AMCC’s storage products
include serial and parallel ATA RAID controllers
and embedded storage processors. It delivers
storage solutions for storage applications, such
as disk-to-disk backup, near-line storage,
network-attached storage, and video. In
addition, the company sells fiber channel HBA
products; and automated test equipment products,
such as application-specific integrated
circuits. AMCC sells its products through its
sales force, and independent manufacturers’
representatives and distributors principally in
North America, Europe, and Asia. The company has
a strategic partnership with Nimbus Data
Systems, Inc. to develop IP storage reference
designs for server and storage original
equipment manufacturers. AMCC was founded in
1979 and is headquartered in Sunnyvale,
California |
|
|
| Financial Info: |
For the nine months ended
12/31/2005, revenues rose 3% to $194.9 million.
Net loss fell 92% to $10 million. Revenues
reflect increased income from communications and
Embedded products. |
|
|
| Key Ratios: |
Current
Ratio: 6.65, Total Debt/Equity: 0.00, Trailing
P/E: N/A, Forward P/E: 33.82x, Price/Book:
1.19, Price/Sales: 4.21 |
|
|
| Share Info: |
There are 294.31
million shares outstanding with 289.01
million shares in the trading
float. Institutions own
approximately 57.40% of the shares outstanding.
There have been no insider purchases and 2
insider sales totaling 300,000 shares in the last six months.
Real-Time SEC
Filings
As of 3/10/2006, there were 11.56 million shares short.
Net Institutional Buying: 4.980
million shares prior to latest
quarter. |
|
|
| Articles: |
AMCC Highlights StorSwitch
Architecture at Spring 2006 Intel Channel
Conference Road Show |
|
