AppliedMicro (AMCC +3.7%) is moving higher thanks to speculative comments from Wnderlich's Sandy...

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

AppliedMicro (AMCC +3.7%) is moving higher thanks to speculative comments from Wnderlich's Sandy Harrison, who thinks the company's efforts to build server chips based on ARM's (ARMH) next-gen CPU architecture opens up a major opportunity in the cloud server market, and could turn the company into an acquisition target. (also)