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Applied Micro Circuits Corporation F1Q11 (Qtr End 6/30/10) Earnings Call Transcript

Applied Micro Circuits Corp. (AMCC)

F1Q11 2010 Earnings Call

July 30, 2010 17:00 p.m. ET

Executives

Paramesh Gopi – President and CEO

Robert Gargus – CFO

Analysts

Dan Morris – Oppenheimer & Co.

Allan Mishan – Brigantine Advisors

Christian Schwab – Craig-Hallum Capital Group

Sandy Harrison – Signal Hill Group

Brian Thonn - Kingdom Ridge Capital

Presentation

Operator

Good morning ladies and gentlemen and welcome to the first quarter 2011 Applied Micro Circuits Corporation earnings conference call. [Operator instructions.] And I would now like to turn the conference over to your host for today, Mr. Bob Gargus, CFO. Please proceed sir.

Robert Gargus

Good afternoon everyone and thank you for joining today’s conference call. On the call with me today is Dr. Paramesh Gopi, our president and CEO.

Before turning the call over to Paramesh, I want to remind you that the forward-looking statements discussed on this call, including guidance we will provide on revenue, non-GAAP gross margin, non-GAAP operating expenses and certain other financial targets are based on the limited information available to us today.

That information is likely to change. There are numerous risks and uncertainties that affect our business and may affect these forward-looking statements, including product demand and mix, product development and introductions, design wins, manufacturing and supply availability, the impact of workforce reductions, employee relations, and the integration of new or moved operations, risk relating from macroeconomic conditions and markets, and other risks as set forth in our SEC filings, including our Form 10-K for the year ended March 31, 2010.

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