Applied Micro Circuits (AMCC -21%) continues to tank after reporting late Thursday FQ1 sales...

|About: Applied Micro Circuits Corp... (AMCC)|By:, SA News Editor

Applied Micro Circuits (AMCC -21%) continues to tank after reporting late Thursday FQ1 sales were in line, but its bottom line missed due to higher operating expenses. Gross margins were also hurt by an unfavorable low-end growth product mix, which may have carryover effects into the next quarter.