Applied Micro Circuits Corp. CFO William Bendush talks to The Wall Street Transcript.

NEW YORK--(BUSINESS WIRE)--Aug. 3, 1999--

The Wall Street Transcript has published an in-depth interview with William E. Bendush of Applied Micro Circuits Corporation (Nasdaq:AMCC), in which he talks at length about his company's future.

He says, "The company was actually formed in 1979, but when Dave Rickey became CEO about three years ago, we began a transition from an ASIC company with multiple product lines, to a standard products company with a focus on communications. That's really what we're focused on today. We want to be the premier supplier of high-bandwidth silicon connectivity to the world's communication market. Our products are centered around SONET, SDH, ATM, gigabit ethernet, and fiber channel."

He explains, "We're primarily focused on the wide area network, or WAN. We do products also for the local area network, or LAN, where we can leverage our technology. Our products support fiberoptics."

He says, "There is a bandwidth explosion. Everybody needs more bandwidth. There is also going to be a convergence of datacom and telecom. We think silicon is going to be the material of choice for the high speed communications market. Finally over time, the ASIC or custom designs are moving to standard products, or ASSP's. We believe all of these trends are good for AMCC."

Looking forward, he states, "The bandwidth explosion is rapidly increasing our market. We recently acquired Cimaron and they've taken us into a new layer of the wide-area network switch, which has essentially offered us an opportunity to double our total available market. It also puts us in a position to sell integrated products as we combine AMCC's traditional physical layer products with their framers and mappers into a single chip."

To read the complete interview, go to http://www.twst.com/ceos.htm. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. Read the latest recommendation by analysts from top brokerage houses and leading money managers at http://www.twst.com/newspage.html

The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors for over 35 years. The Transcript publishes industry roundtables and interviews with Wall Street analysts, money managers, and Company CEOs. For subscription information call (800) 246 -7673.