Start Your Free Portfolio Tracker Today
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
If you wish to go to ZacksTrade, click
OK. If you do not, click Cancel.
Back to top
Applied Micro, Volex in Partnership
The active optical technology platform of
Applied Micro Circuits Corp ( AMCC - Analyst Report) was recently acquired by Volex plc for $2 million. AppliedMicro signed a five-year non-compete agreement related to the marketing and sale of active optical cables, transceivers, modules and related assemblies.
This agreement entails joint patent ownership to collaborate on next-generation optical interconnect products and solutions. Applied Micro primarily focuses on product developments for high-growth computing and connectivity markets. The joint ownership will enable Volex to use the expertise of Applied Micro in product development, sales and marketing activities.
For the past three years, Applied Micro has been continuously developing technology to minimize costs and reduce complexity to overcome the primary headwinds for widespread adoption of high-speed data interconnects.
There is a steady demand for a cost-effective, high-speed optical solution to replace legacy copper interconnects. This partnership will prove beneficial for Volex as it seeks to leverage the technological expertise from Applied Micro to develop low-power, competitive active optical solutions, including active optical cables and transceivers for all associated sectors.
Headquartered in Sunnyvale, California, Applied Micro is a leading provider of high-bandwidth low power integrated circuits (ICs), which are essential for the processing, transporting and storing of information. The company provides semiconductor solutions for the enterprise, telecom and consumer/small medium business.
Applied Micro is expected to release its fourth-quarter 2012 results on Jan 30, 2013. The Zacks Consensus Estimate for the fourth quarter earnings is currently pegged at a loss of 25 cents.
Applied Micro currently has a Zacks Rank #3 (Hold) and a long-term Neutral recommendation. One of its competitors, Broadcom Corp carries a Zacks Rank #2 (Buy).