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Enter Symbol:
Applied Micro Circuits Corporation (AMCC) [hlAlert]

down 45.47 %

Applied Micro Circuits Corporation (AMCC) rated Outperform with price target $13 by Oppenheimer

Posted on: Wednesday,  Apr 28, 2010  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform Applied Micro Circuits Corporation (NASDAQ: AMCC) on 04/28/2010, when the stock price was $10.38. Since
then, Applied Micro Circuits Corporation has lost 45.47% as of 01/20/2016's recent price of $5.66.
If you would have followed this Oppenheimer's recommendation on AMCC, you would have lost 45.47% of your investment in 2093 days.

Applied Micro Circuits Corporation (AMCC) is engaged in designing, developing, marketing and supporting integrated circuits (ICs), which are essential for the processing, transporting and storing of information worldwide. The Company offers IC products for wireline and wireless communications equipment such as wireless access points, wireless base stations, multi-function printers, edge switches, gateways, metro transport platforms, core switches and routers. The Company provides consumer storage products by using the technologies, such as redundant array of independent disks (RAID), serial advanced technology attachment (SATA) and serial attached small computer system interface (SAS). Its customers use its products for storage applications such as disk-to-disk backup, near-line storage, network-attached storage, video, security and computing. On April 21, 2009, the Company sold its 3ware storage adapter business to LSI Corporation.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/1/2012 8:25 AM Buy
7.19 10.00
as of 12/31/2010
1 Week down  -4.07 %
1 Month up  9.51 %
3 Months up  1.30 %
1 YTD down  -2.40 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/28/2010 8:25 AM Buy
10.38 13.00

(*) Stock Price at the time of the recommendation.
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