Applied Micro Circuits (AMCC) Sees Q3 Sales Down 20-25% Sequentially
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Applied Micro Circuits Corporation (NASDAQ: AMCC) today announced that it expects its revenue for Q309, to be down sequentially by approximately 20-25% compared to Q209. Prior guidance for Q3 was that revenue would decrease approximately 10% from the level reported in Q2. The Company is experiencing slower than anticipated sales across all market segments.
Applied Micro Circuits Corporation engages in designing, developing, marketing, and supporting integrated circuits and storage components that are used for processing, transporting, and storing of information worldwide.
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