Terrier Investing
Long only, value, hedge fund manager

Applied Micro Telling The Same Story Over And Over Again

Oh, Applied Micro (NASDAQ:AMCC). So much potential - allegedly - yet so little execution. I've followed the company for several years now. As a former Intel (NASDAQ:INTC) shareholder, I thought it was worth monitoring the much-hyped (but yet to materialize) threat of ARM-based servers replacing x86. If you're not familiar, the argument revolved around the technical differences between "RISC" (reduced instruction-set computing) and "CISC" (complex instruction set computing). Intel's x86 architecture uses the latter, while ARM (NASDAQ:ARMH) chips use the former. Bulls, and ARM, claim that CISC is extraordinarily inefficient and ARM chips are inherently more efficient.

With server owners highly focused on total cost of ownership and perf/watt/dollar, ARM chips were supposed to

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