Shares of Applied Micro (AMCC) have typically benefited from any and all hype surrounding the emergence of the micro-server product category for web and other dense workloads. The firm has been touting its upcoming X-Gene micro-server part, which has been delayed time and again, as the product that reinvigorated profitable growth to a business that has otherwise struggled to break even quarter after quarter. I have detailed in a series of posts (Part 1, Part 2, Part 3), how management continues to misdirect the Street regarding the potential competitiveness and timing of its "wonder chip", and to this date the firm has not yet delivered in volume quantities its first generation 40 nanometer...
Applied Micro: Upcoming Catalyst Should Drive Significant Downside After Irrational Rally
Jun 19 2013, 03:36 | about: AMCC
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