applied micro circuits corp (APDA) Snapshot

Applied Micro Circuits Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company’s net revenues were $56,326,000 against $48,767,000 a year ago. Operating loss was $26,606,000 against $75,148,000 a year ago. Loss before income taxes was $31,260,000 against $67,251,000 a year ago. Net loss was $30,248,000 or $0.45 per basic and diluted share $67,582,000 or $1.10 per basic and diluted share a year ago. Non-GAAP net income was $83,000 against non-GAAP net loss of $6,181,000 a year ago. For the year, the company’s net revenues were $195,642,000 against $230,887,000 a year ago. Operating loss was $147,512,000 against $93,444,000 a year ago. Loss before income taxes was $147,311,000 against $81,760,000 a year ago. Net loss was $146,757,000 or $2.25 per basic and diluted share against $82,688,000 or $1.33 per basic and diluted share a year ago. Non-GAAP net loss was $28,782,000 or $0.44 per diluted share against $5,605,000 or $0.09 per diluted share a year ago. Net cash used in operating activities was $33,065,000 against $9,352,000 a year ago. Purchase of property, equipment and other assets was $9,045,000 against $13,264,000 a year ago.

Applied Micro Circuits Corp. Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-08-2013 04:00 PM. Venue: The Westin New York, Times Square Hotel, New York, New York, United States. Speakers: Robert G. Gargus, Chief Financial Officer, Chief Accounting Officer and Senior Vice President.

Altera Corporation and Applied Micro Circuits Corporation announced they have signed a memorandum of understanding designed to result in the joint development and marketing of optimized solutions for data center applications. The strategic cooperation initiative will enable the two companies to combine advanced Altera FPGAs with silicon solutions from AppliedMicro, including the company's full line of connectivity and ARM(R) 64-bit X-Gene Server on a Chip products. The collaboration will include shared efforts on system solution definition, co-development of reference designs and supporting software development. The resulting designs will combine the robust silicon and software from AppliedMicro with the performance and flexibility advantages of Altera's FPGAs. The strategic cooperation initiative provides for the closely-coupled definition and development of solutions for high throughput data center server, storage and connectivity. Specifically, the companies intend to develop solutions that combine the AppliedMicro ARM 64-bit X-Gene processor offerings and advanced FPGAs from Altera. The combined technologies will facilitate rapid adoption across enterprise networking platforms, next generation data centers and storage. The cooperation will span from hardware to software, providing the basis for extremely fast-turn designs in these multiple application areas.