SUNNYVALE, Calif., March 9, 2007 (PRIME NEWSWIRE) -- Applied Micro Circuits Corporation (Nasdaq:AMCC) held its 2006 Annual Meeting of Stockholders today, March 9, 2007 at its corporate headquarters in Sunnyvale, California. At the meeting, the Company's stockholders approved each of the proposals described in the Company's Definitive Proxy Statement filed with the Securities and Exchange Commission on January 29, 2007, including election of the following directors: Cesar Cesaratto, Kambiz Hooshmand, Niel Ransom, Fred Shlapak, Art Stabenow and Julie Sullivan.
At the meeting, Cesar Cesaratto, Chairman of the Board, thanked the three directors whose terms on the board ended today: Murray Goldman, David Wright and Harvey White and expressed a special appreciation to Harvey White who agreed to postpone his decision to step down from the board in order to oversee the Company's recently completed internal investigation of its stock option grant practices and related accounting.
Following adjournment of the meeting, Kambiz Hooshmand, the Company's President and Chief Executive Officer made a presentation regarding the Company's strategy and goals to those attending the meeting.
Additional information concerning the proposals that were approved today can be found in the Company's Definitive Proxy Statement. The Definitive Proxy Statement and Mr. Hooshmand's presentation materials are available in the investor relations section of the AMCC web site at http://investor.amcc.com.
About AMCC
AMCC is a global leader in network and embedded PowerPC(r) processing, optical transport and storage solutions. Our products enable the development of converged IP-based networks offering high-speed secure data, high-definition video and high-quality voice for carrier, metropolitan, access and enterprise applications. AMCC provides networking equipment vendors with industry-leading network and communications processing, Ethernet, SONET and switch fabric solutions. AMCC is also the leading vendor of high-port count SATA RAID controllers enabling low-cost, high-performance, high-capacity storage. AMCC's corporate headquarters are located in Sunnyvale, California. Sales and engineering offices are located throughout the world. For further information regarding AMCC, please visit our web site at http://www.amcc.com.
AMCC is a registered trademark of Applied Micro Circuits Corporation. The PowerPC name and logo are registered trademarks of IBM Corporation and used under license therefrom. All other trademarks are the property of their respective owners.