Markets Cheer Applied Micro's Latest Launch

Zacks Equity Research

In an attempt to gain greater market share, computing and connectivity solutions provider Applied Micro Circuits Corporation (AMCC) has been launching different products and solutions at regular intervals. The latest announcement of a product launch on Oct 30 helped the shares gain 4.5% on Thursday.
    
At the ARM TechCon, held from Oct 29-31 at the Santa Clara Convention Center, Calif., AppliedMicro announced the availability of X-Gene System Development Kit for ARM 64-Bit Platforms. Applied Micro works hard in the development of X-Gene - the first enterprise-grade 64-bit Server on a ChipT silicon. X-Gene platform is ideal for ARM 64-bit applications for cloud servers, hyperscale data centers, big data systems and scale-out storage systems.

This X-Gene Development Kit provides enterprises the full server system solution needed to serve evolving data center workloads. Red Hat, Inc (RHT) – a software solutions company and Applied Micro collaborated on the development of X-Gene and enabling support for the X-Gene Development Kit in Fedora. This X-Gene platform includes a hardware reference system and software development kit featuring production quality, virtualization and cloud applications such as open source search and publishing engines. Applied Micro’s product portfolio and continued efforts to provide maximum consumer satisfaction have augmented its market position.

Headquartered in Sunnyvale, Calif., Applied Micro is a leading provider of high-bandwidth low power integrated circuits (ICs), which are essential for the processing, transporting and storing of information. The company provides semiconductor solutions for the enterprise, telecom and consumer/small medium business.

Applied Metro currently has a Zacks Rank #2 (Buy). Other stocks that look promising and are worth considering in the industry include Cabot Microelectronics Corporation (CCMP) and Pericom Semiconductor Corp. (PSEM), both carrying a Zacks Rank #1 (Strong Buy).

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