MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)
("MACOM"), a leading supplier of high-performance analog RF,
microwave, millimeterwave and photonic semiconductor products, and
Applied Micro Circuits Corporation (NASDAQ:AMCC) ("AppliedMicro"),
a global leader in Connectivity and Computing solutions for
next-generation cloud infrastructure and Data Center, today
announced that a webcast will be made available for the upcoming
Town Hall Meeting in Boston on November 30th.
MACOM‘s President and CEO, John Croteau, together with
AppliedMicro’s President and CEO, Dr. Paramesh Gopi, as well as
several other MACOM executives are scheduled to host Town Hall
Meetings from 11:30 a.m. to 1:00 p.m. at the Boston Harbor Hotel in
Boston on November 30, at the Millennium Broadway Hotel in New York
on December 1, and at the InterContinental Hotel in San Francisco
on December 2. The purpose of these events is to discuss MACOM’s
proposed acquisition of AppliedMicro and provide an in-depth look
at MACOM’s expanding market position in Cloud Data Center and
Enterprise Networking, including how the addition of AppliedMicro’s
Connectivity portfolio further enhances MACOM’s opportunity.
A live audio webcast of the Company’s presentation in Boston on
November 30 will be available on the Investor Relations section of
MACOM’s website at http://ir.macom.com beginning at approximately
11:30am EST. Subsequent to the event, the Company expects to make
an archived replay of the presentation available within
approximately 24 hours.
Institutional investors or sell-side analysts interested in
attending the event in person must be pre-registered and should
contact ir@macom.com, as space is limited.
About MACOMMACOM enables a better-connected and safer
world by delivering breakthrough semiconductor technologies for
optical, wireless and satellite networks that satisfy society’s
insatiable demand for information.
Today, MACOM powers the infrastructure that millions of lives
and livelihoods depend on every minute to communicate, transact
business, travel, stay informed and be entertained. Our technology
increases the speed and coverage of the mobile Internet and enables
fiber optic networks to carry previously unimaginable volumes of
traffic to businesses, homes and datacenters.
Keeping us all safe, MACOM technology enables next-generation
radars for air traffic control and weather forecasting, as well as
mission success on the modern networked battlefield.
MACOM is the partner of choice to the world’s leading
communications infrastructure, aerospace and defense companies,
helping solve their most complex challenges in areas including
network capacity, signal coverage, energy efficiency and field
reliability, through its best-in-class team and broad portfolio of
analog RF, microwave, millimeterwave and photonic semiconductor
products.
MACOM is a pillar of the semiconductor industry, thriving for
more than 60 years of daring to change the world for the better,
through bold technological strokes that deliver true competitive
advantage to customers and superior value to investors.
Headquartered in Lowell, Massachusetts, MACOM is certified to
the ISO9001 international quality standard and ISO14001
environmental management standard. MACOM has design centers and
sales offices throughout North America, Europe, Asia and
Australia.
MACOM, M/A-COM, M/A-COM Technology Solutions, M/A-COM Tech,
Partners in RF & Microwave, and related logos are trademarks of
MACOM. All other trademarks are the property of their respective
owners. For more information about MACOM, please visit
www.macom.com follow @MACOMtweets on Twitter, join MACOM on
LinkedIn, or visit the MACOM YouTube Channel.
About AppliedMicroAppliedMicro is a global leader in
computing and connectivity solutions for next-generation cloud
infrastructure and data centers. AppliedMicro delivers silicon
solutions that dramatically lower total cost of ownership.
Corporate headquarters are located in Santa Clara, California.
www.apm.com.
Forward-Looking Statements
DISCLOSURE NOTICE: This document contains forward-looking
information related to MACOM, AppliedMicro and the proposed
acquisition of AppliedMicro by MACOM that involves substantial
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by such statements.
Forward-looking statements in this document include, among other
things, statements about the potential benefits of the proposed
acquisition. Risks and uncertainties include, among other things,
risks related to the satisfaction of the conditions to closing the
acquisition (including the failure to obtain necessary regulatory
approvals) in the anticipated timeframe or at all, including
uncertainties as to how many of AppliedMicro’s stockholders will
tender their shares in the tender offer and the possibility that
the acquisition does not close; risks related to the ability to
realize the anticipated benefits of the acquisition, including the
possibility that the expected benefits from the proposed
acquisition will not be realized or will not be realized within the
expected time period; the risk that the businesses will not be
integrated successfully; disruption from the transaction making it
more difficult to maintain business, contractual and operational
relationships; negative effects of this announcement or the
consummation of the proposed acquisition on the market price of
MACOM’s common stock and on MACOM’s operating results; significant
transaction costs; unknown liabilities; the risk of litigation
and/or regulatory actions related to the proposed acquisition;
other business effects, including the effects of industry, market,
economic, political or regulatory conditions; future exchange and
interest rates; changes in tax and other laws, regulations, rates
and policies; future business combinations or disposals; the
uncertainties inherent in research and development, including the
ability to sustain and increase the rate of growth in revenues for
AppliedMicro’s products; and competitive developments.
A further description of risks and uncertainties relating to
MACOM and AppliedMicro can be found in their respective Annual
Reports on Form 10-K for the fiscal years ended September 30, 2016
and March 31, 2016, respectively, and in their subsequent Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K, all of which
are filed with the U.S. Securities and Exchange Commission (the
“SEC”) and available at www.sec.gov.
The information contained in this document is as of November 29,
2016. Neither MACOM nor AppliedMicro assumes any obligation to
update forward-looking statements contained in this document as the
result of new information or future events or developments.
Additional Information and Where to Find It
The exchange offer for the outstanding shares of AppliedMicro
stock in connection with MACOM’s proposed acquisition of
AppliedMicro described in this communication has not yet commenced.
This announcement is for informational purposes only and is neither
an offer to purchase nor a solicitation of an offer to sell shares,
nor is it a substitute for any materials that MACOM and its
offering subsidiary, Montana Merger Sub I, Inc. (“Purchaser”), will
file with the SEC.
Purchaser plans to file a Tender Offer Statement on Schedule TO,
together with other related exchange offer documents, including a
letter of transmittal, in connection with the offer; AppliedMicro
plans to file a Recommendation Statement on Schedule 14D-9 in
connection with the offer; and MACOM plans to file a Registration
Statement on Form S-4 that will serve as a prospectus for MACOM
stock to be issued as consideration in the offer and the
acquisition. These documents will contain important information
about MACOM, AppliedMicro and the acquisition. AppliedMicro
stockholders are urged to read these documents carefully and in
their entirety when they become available before making any
decision regarding exchanging their shares. These documents will be
made available to AppliedMicro stockholders at no expense to them
and will also be available for free at the SEC's website at
www.sec.gov. Additional copies may be obtained for free by
contacting MACOM’s investor relations department at 949-224-3874 or
AppliedMicro’s investor relations department at (415) 217-4962.
In addition to the SEC filings made in connection with the
transaction, each of MACOM and AppliedMicro files annual, quarterly
and current reports and other information with the SEC. You may
read and copy any reports or other such filed information at the
SEC public reference room at 100 F Street, N.E., Washington, D.C.
20549. Please call the SEC at 1-800-SEC-0330 for further
information on the public reference room. MACOM’s and
AppliedMicro’s filings with the SEC are also available to the
public from commercial document-retrieval services and at the
website maintained by the SEC at http://www.sec.gov.
59845362_4
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version on businesswire.com: http://www.businesswire.com/news/home/20161129006209/en/
Investor Relations Contact:Shelton GroupLeanne K.
Sievers, 949-224-3874orBrett L. Perry,
214-272-0070sheltonir@sheltongroup.com
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