Applied Micro Circuits Corp. Files Registration Statement for Public Offering.SAN DIEGO--(BUSINESS WIRE)--Feb. 11, 1998--Applied Micro Circuits Corp. (AMCC AMCC Applied Micro Circuits Corporation AMCC Air Mobility Control Center AMCC Ashore Mobile Contingency Communications AMCC Advanced Materials Commercialization Center AMCC allied movement coordination center (US DoD) ) (Nasdaq:AMCC) Wednesday filed a registration statement with the Securities and Exchange Commission for a public offering of 6 million shares of common stock. Of the 6 million shares of common stock offered, 1 million shares are being sold by AMCC and 5 million shares are being sold by certain stockholders of AMCC. No officer or director of AMCC plans to sell shares in this offering. The offering will be managed by BancAmerica Robertson Stephens, NationsBanc Montgomery Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and Cowen & Co. The principal purpose of the offering is to facilitate the registered sale of shares of common stock held by certain stockholders of AMCC. These are shares that would otherwise become available for public sale after the expiration on May 23, 1998, of market stand-off agreements entered into by such stockholders in connection with AMCC's initial public offering, which was declared effective on Nov. 24, 1997. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). to AMCC from the offering will be used for capital expenditures related to expansion of AMCC's manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. , working capital and general corporate purposes. AMCC designs, develops, manufactures and markets high-performance, high-bandwidth silicon solutions for the world's communications infrastructure. AMCC utilizes a combination of high-frequency, mixed-signal design expertise, system-level knowledge and multiple silicon process technologies to develop IC products for telecommunications markets that address the SONET/SDH and ATM transmission standards and for data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. markets that address the Gigabit Ethernet An Ethernet standard that transmits at 1 Gbps. Used mostly to connect high-end workstations and servers as well as for network backbones, Gigabit Ethernet transmits full duplex from point to point using switches and half duplex in a shared environment (CSMA/CD) using a hub. , ATM and Fibre Channel transmission standards. AMCC also provides solutions for the automated test equipment, high-speed computing and military markets. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Copies of the prospectus relating to the offering may be obtained from BancAmerica Robertson Stephens, 555 California St., Suite 2600, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Calif. 94104, 415/781-9700; NationsBanc Montgomery Securities LLC, 600 Montgomery St., San Francisco, Calif. 94111, 415/627-2000; or Cowen & Co., Four Embarcadero Center For the Embarcadero Center complex, see Embarcadero Center Four Embarcadero Center is an office skyscraper located in San Francisco's Financial District. The building is part of the Embarcadero Center, which is a complex of six interconnected buildings and one , San Francisco, Calif. 94111, 415/646-7200. CONTACT: Applied Micro Circuits Corp., San Diego Joel O. Holliday, 619/450-9333 joelh@amcc.com or Financial Relations Board, Los Angeles 310/442-0599 Fiona Ross or George Christy (general information) James Hoyne (investor/analyst contact) Michaelle Burstin (media contact) |
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