|AMCC to Adjourn Special Meeting of Stockholders Scheduled for August 25, 2006 Until September 22, 2006|
SUNNYVALE, Calif., Aug. 23 /PRNewswire-FirstCall/ -- Applied Micro Circuits Corporation (Nasdaq: AMCC) today announced that its Board of Directors has recommended that the special meeting of stockholders to be held on August 25, 2006 be adjourned until September 22, 2006 at 10:00 a.m. (PDT) at the Company's principal offices at 215 Moffett Park Drive, Sunnyvale, California 94089 to allow the Audit Committee sufficient time to complete its review of the Company's historical stock option grant practices and related accounting prior to the special meeting.
AMCC is a global leader in network and embedded PowerPC 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.
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SOURCE Applied Micro Circuits Corporation