"I would also like to take this opportunity to reiterate the guidance we provided for the September quarter on our last quarterly earnings call," said Dr. Gopi. "We are heartened by our increasing customer traction and remain confident about AppliedMicro's growth prospects for the balance of fiscal 2016 and beyond."
I have to laugh that Zacks looks precient at this point, even though their prognostication was based on reading AMCC's numbers backwards. They read less loss as a miss. Zacks is the gang who couldn't shoot straight getting the job done quite by accident. In fact they may have helped to set-up the perfect short-term storm for AMCC's share price.
Let's see what happens when the market realizes there is no other shoe to drop.