ARM Tech Con 2015

[christopher]

As mentioned during the AMCC Q2 earnings call.

AMCC is a sponsor and will be attending this event:

www.armtechcon.com/

Dr. Paramesh Gopi  CEO of AMCC (Applied Micro Circuits Corporation)  will be presenting on

                                Date:  Wednesday November 11, 2015

                                Time:  12:30-1:20 PM

schedule.armtechcon.com/session/from-concept-to-reality-advancing-arm-based-enterprise-socs-presented-by-applied-micro-circuits-corporation

[Admin]

I'm interested to see if this has any effect upon the share price. Good find Chris.

[christopher]

"Four Semiconductor Stocks With Big Upside Going into ARM TechCon."

Canaccord Genuity states that there will be an update regarding X-Gene 3 during the ARM TechCon Convention this week:  

"Canaccord expects new benchmarking demonstrations of X-Gene server chips versus Xeon E5, as well as an update on the 16 nanometer X-Gene 3 parts just back from foundry at TechCon.  Applied Micro is also a company that often surfaces in potential takeover talk."

Looks like we will finally be hearing about how the new X-Gene 3 is fairing, could this help our share price??

247wallst.com/technology-3/2015/11/09/4-semiconductor-stocks-with-big-upside-going-into-arm-techcon/

One other company listed here has a very interesting price target:

Ambarella, company has a target price by Canaccord Genuity   at $100.00, the consensus target is $96.80.  Shares were last seen at $56.09.   

Ambarella currently trading at $56.09 with a price target of $100.00   That would be one hell of a payday!!

[Admin]

Nov 9, 2015 13:27:16 GMT -5 christopher said:

Looks like we will finally be hearing about how the new X-Gene 3 is fairing, could this help our share price??

Well, it couldn't hurt, especially since today on very low volume it looks as if someone wanted out in a hurry.

It will be interesting to see how many cores X-Gen3 has, along with if it really does benchmark to INTC's E7 chips. I really want to see if this will be a "CAVM killer".

[christopher]

It looks as though the presentation on Wednesday, November 11 will be occurring at just the right time. Today, Tuesday November 10 the share price pulled back below $7.00 to finish the day at $7.04. So, if there is any good news released tomorrow, then maybe we will see our share price gain some momentum above the mid-$7.00 level. If not, the short holders continue to hold quite strong at over 10% of shares held. Any no-news and we will see the share price continue with a "slow" bleed on the sell side.

[Admin]

Absolutely Chris.

The 15th is a big day too. The short holdings are released on the 15th and 30th of the month. This month, that's on a Sunday, so I don't know exactly when we will find out, but I will be interested to know if the news of X-Gene3 will keep the shorts in full retreat mode.

Things are looking good, in spite of yesterday's share performance.

[christopher]

Shares Short Update,

Ameritrade is now showing 10.95% shares short.

The last time I showed ownership was @ 11.64%

The date stated is : (% of float 10/30/15)

I believe that this is a recent update because a few days ago 11.64% was showing, will check next week to see if there is another update. after the 15th of month.

Any news with short ownership moving down is good news!

ARM TechCon Convention:

Gopi speaks today between 12:30 and 1:20pm    I will assume that this is west coast time so it looks like any news released will either be tonight or tomorrow.

 

News release promoting today's ARM TechCon Convention:

finance.yahoo.com/news/appliedmicro-showcase-x-gene-r-172011074.html