Semiconductors
- Article Tools
- Email this Article
- Print this Article
- Rss Feed
- Related Articles
- This Telecom Bull Waves a Yellow Flag
- Del.icio.us
- Digg
- StumbleUpon
Communications chipmaker Applied Micro Circuits (AMCC - Cramer's Take - Stockpickr) announced a loss Tuesday for its fourth quarter of 2002 that met earnings expectations on revenue that came in under estimates. The company, which makes chips for the telecommunications industry, reported revenue that fell 75% year over year. In a statement released with earnings, CEO David Rickey said the market that accounts for most of AMCC's revenue "remains weak." The net loss for the quarter was $90.3 million or 30 cents a share, according to generally accepted accounting principles. The San Diego-Calif.- based chipmaker, reported a pro forma loss of 6 cents a share on revenue of $30.1 million. The earnings loss matched Wall Street estimates for the March quarter, but revenue was under expectations of $31.4 million. AMCC earned 9 cents a share on $121.1 million in the year-ago quarter. Today, AMCC fell 37 cents, or 4.9%, closing at $7.14, before announcing earnings.
04/17/02
This Telecom Bull Waves a Yellow Flag
Although the sector presents good opportunities, you have to choose carefully.
08/05/08
Three Internet Stocks That Could Double
These forgotten Internet stocks are being accumulated by hedge funds.
08/15/08
The Five Dumbest Things on Wall Street
Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...
08/15/08
McCain Fund-Raising Picks Up
The GOP presidential candidate raised $27 million in July.
08/15/08
Cash-Back Cards Aren't Money in the Bank
Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.
More popular tickers are indicated by scale.
Sponsored by:
RSS
