Form 8-K

0000898430-02-003756.txt : 20021017 0000898430-02-003756.hdr.sgml : 20021017 20021017171725 ACCESSION NUMBER: 0000898430-02-003756 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021017 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021017 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APPLIED MICRO CIRCUITS CORP CENTRAL INDEX KEY: 0000711065 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 942586591 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23193 FILM NUMBER: 02791916 BUSINESS ADDRESS: STREET 1: 6290 SEQUENCE DR CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 6194509333 MAIL ADDRESS: STREET 1: 6290 SEQUENCE DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92121 8-K 1 d8k.htm FORM 8-K Form 8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 17, 2002

APPLIED MICRO CIRCUITS CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

000-23193		94-2586591
(Commission File Number)		(IRS Employer Identification No.)

6290 Sequence Drive

San Diego, California 92121

(Address of Principal Executive Offices and Zip Code)

Registrant’s telephone number, including area code: (858) 450-9333

Item 5. Other Events.

On October 17, 2002, Applied Micro Circuits Corporation (“AMCC”) issued a press release announcing a stock repurchase program of up to $200 million (the “Stock Repurchase Program”). AMCC hereby incorporates by reference the contents of the press release announcing the Stock Repurchase Program filed as Exhibit 99.1 to this report.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(c) Exhibits.

99.1

Press Release dated October 17, 2002, announcing the Stock Repurchase Program.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

APPLIED MICRO CIRCUITS CORPORATION

By:		/s/ WILLIAM E. BENDUSH
		William E. Bendush Senior Vice President, Finance and Administration, and Chief Financial Officer

Date: October 17, 2002

INDEX TO EXHIBITS

99.1

Press Release dated October 17, 2002, announcing the Stock Repurchase Program.

EX-99.1 3 dex991.htm PRESS RELEASE DATED OCTOBER 17, 2002 Press Release dated October 17, 2002

EXHIBIT 99.1


FOR ADDITIONAL INFORMATION:

Company Contact:		AMCC Editorial Contact:

William Bendush, Sr. Vice President, Chief Financial Officer (858) 450-9333 Debra Hart, Investor Relations Manager (858) 535-4217		The Ardell Group Angela Edgerton (858) 792-2941

Thursday, October 17, 2002

Company Press Release

APPLIED MICRO CIRCUITS CORPORATION

REINSTATES $200 MILLION STOCK REPURCHASE PROGRAM

SAN DIEGO,—October 17, 2002—Applied Micro Circuits Corporation [NASDAQ: AMCC] today announced that its Board of Directors has reinstated its stock repurchase program and approved the repurchase of up to $200,000,000 of its Common Stock.

Depending on market conditions and other factors, repurchases will be made from time to time in the open market and in negotiated transactions, including block transactions, at times and prices considered appropriate by the company. The program is effective immediately, and may be discontinued at any time. As of October 17, 2002, AMCC has approximately 302 million shares of Common Stock outstanding.

Under the previous stock repurchase authorization, which expired in September 2002, approximately 3.6 million shares were purchased in the open market for approximately $29.4 million.

AMCC Overview

AMCC designs, develops, manufactures and markets high-performance, high-bandwidth silicon solutions empowering intelligent wide area networks. AMCC utilizes a combination of digital, mixed- signal and high-frequency analog design expertise coupled with system-level knowledge and multiple silicon process technologies to offer integrated circuit products that enable the transport of voice and data over wide area networks. The Company’s system solution portfolio includes switch fabric, traffic management, network processor, framer/mapper, PHY and PMD devices that address the high-performance needs of the evolving intelligent wide area network. AMCC’s corporate headquarters is located in San Diego. Sales and engineering offices are located throughout the world. For further information regarding AMCC, please visit our web site at http://www.amcc.com or call our shareholder information line at (888) 982-AMCC (2622).

This news release contains forward-looking statements, including statements regarding the stock repurchase program, that are subject to certain risks and uncertainties, including, but not limited to, those associated with unpredictability and volatility of the price of the Company’s Common Stock, the performance of and conditions in the United States and world financial markets, the policies and actions of the United States and other governments, and the general political, economic and business conditions in the United States and elsewhere, as well as the “Risk Factors” set forth in the Company’s Annual Report on Form 10-K for the year ended March 31, 2002, and the Company’s other filings with the Securities and Exchange Commission. Actual results could differ materially, as a result of such factors, from those set forth in the forward-looking statements.