Kingdom Ridge Capital Founder Christopher Zepf to Join AppliedMicro Board of Directors
May 14 2015 - 5:32PM
Applied Micro Circuits Corporation (Nasdaq:AMCC), also known as
AppliedMicro, announced today that it has invited long-time AMCC
investor Christopher Zepf to join its Board of Directors. The
appointment of the founder and Managing Principal of Kingdom Ridge
Capital, LLC to the AppliedMicro Board will be formalized at the
upcoming directors' meeting on May 20, 2015.
"I am pleased to welcome Chris to our Board of Directors. Chris'
skills and experience will be a nice complement to our Board," said
Cesar Cesaratto, AppliedMicro's Chairman of the Board. Dr.
Paramesh Gopi, AppliedMicro's CEO, noted "As AppliedMicro enters
the final stages of its multi-year transformation, I look forward
to Chris bringing his investor perspective and insights to our
Board."
Mr. Zepf, 43, is Managing Principal and Portfolio Manager of
Kingdom Ridge Capital, LLC. Founded in 2007, Kingdom Ridge
currently holds 9.9% of AMCC shares. Mr. Zepf began his
investment management career in 1997 at Fidelity Management &
Research in Boston, Massachusetts. Before Fidelity, he worked
at investment bank Wasserstein Perella. Most of Mr. Zepf's 20 years
of investment experience have been dedicated to deep fundamental
analysis of companies in the technology sector.
"I have been impressed by the Company's leadership team and the
commercialization of its disruptive X-Gene® product line for the
fast-growing scale-out server market," said Mr. Zepf. "With
the HeliX® family of products, AppliedMicro has extended its 64-bit
ARM® server silicon leadership into the embedded processor market.
I am especially pleased to see the design win traction HeliX is
achieving. AppliedMicro is well positioned to be a significant
beneficiary of the broad-based adoption of ARM 64-bit
technology."
About AppliedMicro
Applied Micro Circuits Corporation (Nasdaq:AMCC) 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 Sunnyvale,
California. www.apm.com
(C) Copyright 2015, Applied Micro Circuits
Corporation. AppliedMicro, X-Gene, X-Weave, HeliX, Server on a
Chip, and Cloud Server are trademarks or registered trademarks of
Applied Micro Circuits Corporation. All other product or
service names are the property of their respective owners.
Forward Looking Statements
This press release contains forward-looking statements that
reflect the Company's current views and expectations with respect
to future events and financial performance. These forward-looking
statements are only predictions based on current information and
expectations and are subject to certain risks and uncertainties,
including, but not limited to, market acceptance and adoption of
new technologies, customer demand for the Company's products,
successful and timely development of products, an evolving
competitive landscape, rapid technological change, supply chain
constraints, the businesses and budgeting decisions of the
Company's major customers, reductions, rescheduling or cancellation
of customer orders, successful management of operating expenses,
legal and regulatory developments, and general economic conditions,
and do not take into account any restructuring or related
activities that the Company may undertake. More information about
potential factors that could affect the Company's business and
financial results is included in the "Risk Factors" set forth in
the Company's Quarterly Report on Form 10-Q for the quarter ended
December 31, 2014, and its 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. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. All forward-looking statements are qualified in
their entirety by this cautionary statement, and the Company
undertakes no obligation to revise or update any forward-looking
statements to reflect events or circumstances after the issuance of
this press release.
CONTACT: Media Contact:
Applied Micro Circuits Corporation
Mike Major
Phone: (408) 542-8831
E-mail: mmajor@apm.com
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