AppliedMicro to Hold In-House Press Conference

[Admin]

Approximately two weeks before earnings...?

www.apm.com/news/appliedmicro-to-hold-in-house-press-conference/

Does anyone else know what this is?

[Admin]

One day until the big mystery press conference and two weeks until the earnings call. Clearly the market is optimistic given the price action. When will APM announce the earnings call? Will it be during the press conference tomorrow? Things are a little quiet.

[christopher]

Things are quiet, except for the share price move up. up .24 @ $6.40, for the day about 1M shares traded.

Let's hope this is not one of the usual, run up before the news, with a sell-off after the news release.

There are many questions going into the Press Conference tomorrow( 10/14/15)

The main question I would like answered is: What time is the Press Conference?

or must we wait for the attendees to follow-up with a response following the call?

[Admin]

"The main question I would like answered is: What time is the Press Conference?"

Right?

There was a guy's name, who you could call for more information, but I really don't know what the big secret is.

Hurry up and wait.

[christopher]

I attempted to call the number listed yesterday, left a message, no response.

I attempted to send an email to the address listed and my email was automatically returned to me unanswered.

The way the share price is hovering today, almost like it's waiting for something to be released.

                 ***********                    ***********                   ***********

   

             I have received my answer,  11:00 AM ET

                 I just received a call from AMCC, the investor relations person told me that today's In House Press Conference is for Press only.  I then asked why the supposed upcoming earnings release date has not been released yet. She stated, with a chuckle, that it will be forthcoming.

Look for a news release today (10/14/15) on today's Conference.

***     ***    ***

Update at 1:00 PM ET  share price is no longer hovering, up .24 @ $6.62  484,000 shares traded

[Admin]

It sounds as if 'Big Doings' may be afoot! Thanks for your proactive perseverance Chris. I guess we will have to await word from the foreign press and info about the earnings call.

Not being too concerned about the earnings call... That IS interesting.

[christopher]

An update @ 4:30 PM ET:

There has been NO news release as of yet regarding today's In House News Conference.

AMCC share price ended the day up .39 @ $6.77 share 1,470,568 shares traded (heavy volume day)

[christopher]

The article below listed today (10/14/2015) on AMCC Facebook page. Not sure if this has anything to do with the In House Press Conference, but since NO news has yet been released regarding it. I will place the story here assuming it does. Yes, and I know ALL about what ASS-U-ME means!

www.enterprisetech.com/2015/09/24/healthcare-shift-to-the-cloud-quickens/

Actually, after reading the story more closely, I am not sure HOW this story aligns with AMCC at all???

[Admin]

Could be. It's still only 2:45 there, so we may not hear anything for a few hours. These folks are very mysterious.

[Admin]

Well, it seems like the rumors of a buyout, while still around were greatly exaggerated. There was probably some run-up based upon the press conference (?) and the late publication of the earnings date. It still did seem (and does) a little odd. The share price ran into overbought territory (RSI) at yesterday's close,

schrts.co/hTvcVg

and all the folks with investor's ADHD sold. One good thing that I still see from all this is that AMCC has scheduled the earnings call on a Monday. They must be certain of their results being perceived by the market as good news to schedule on a Monday.

[christopher]

I wonder if we hear some remarks on the Conference early next week.

If the share price holds in the mid $6.00 range, then I would expect on a good earnings report, the share price bumping up into the mid $7.00 range.

That is unless we hear some very positive news regarding yesterday's conference. Then who knows. Maybe $8.00+

After thinking about the delay in release of earnings call date, I am wondering if this has something to do with yesterday's In House Conference Call.  If yesterday's story is released next week, that leaves just one week before earnings are released. If momentum begins to move the share price on the release of yesterday's news and with a release of exceptional earnings on November 2, we may have a share price that moves north from where it has already moved, rather quickly. 

                                                                        possibly $8.00 +     maybe ? 

All I know is short interest percentage is still high over 13%    There has to be something BIG going on with the recent In House Conference Call  and WHEN the release of that Call is ??  What is it all about???   X-Gene 3 and or what else ?

[christopher]

a continuation from my above post.


I am surprised that the day after(10/15/2015) the seemingly secretive " In House Press Conference " with over 20 Asian and European Electronics editors, there has not been ANY picking and prodding from the many news organizations that thrive on this type of situation.  Maybe those that attended have ALL agreed to keep quiet until early next week?  very strange.  Who knows, maybe we never hear anything at all about the mysterious event.

Below is one of the many groups that attended. check for news releases regarding the conference

electronicscomponentsworld.com/

[Admin]

You know Chris, I can't imagine why they would announce to the public a press conference about nothing. Were they going to announce something, but it didn't happen? I really don't know what to make of this or what the point was. I could see courting the press, but if I was with the press and someone invited me to a conference and had nothing to say, I would be aggravated at someone wasting my time like that. An investor conference is one thing -- THIS, I just don't know. This is really strange. I don't get it.

[Admin]

I think the run-up in the share price was all about speculation of a buyout. Now the air can only come out of the share price until the earnings call. Let's hope for a good showing in two weeks.

[christopher]

I will stick to what I wrote above.

We will hear something early next week. What we hear will add momentum going into the earnings call, the following week.

[Admin]

Well, I hope you are right, and that this is all a clever ruse on the part of AMCC to head into earnings with some momentum.

The retail investor is always the last to know.

[christopher]

Here is something else to ponder on:

Why is AMCC dealing with twenty Asian and European Electronics Editors specifically?

Why are they not dealing with the rest of the world, including the U.S.A.?

Also, aren't twenty editors from two specific regions  a very high number of editors?   Very ODD!!??!!??

and very strange!!??!!??

[christopher]

Well, here we are mid-week and no news regarding last weeks In House Press Conference.

BUT,

The share price continues to move UP  @   $6.80 on 10/21/2015   

AMCC share price moved up .32  today (10/21/2015) a Wednesday.  the share price sat rather idle during the first two days of the week beginning @ $6.70 moving down to $6.48.  This looks like the market may be anticipating a news release tomorrow (Thursday) with the .32 move today.  Look for a news release on Thursday Oct. 22.

[Admin]

www.electronicsweekly.com/news/business/manufacturing/applied-micro-tapes-out-16nm-finfet-pam4-ic-2015-10/

If they already taped-out the PAM4 ic, will they be sampling x-gene3?

www.electronicsweekly.com/news/business/arm-tide-surges-on-2015-10/

[christopher]

Thanks for finding the above stories phobos.

The two above stories were released on 10/21/15 and 10/22/15. Now I wonder how much they have to do with last weeks conference? and How come this story was not released under the "news" tab at AMCC's web site?

either way, AMCC share price continues to move UP, pushing through $7.00 and finishing the day @ $6.90 share.

I bet we finish above $7.00 tomorrow?!?!

[Admin]

QCOM: not a competitor, but maybe not a suitor either.

www.newelectronics.co.uk/electronics-blogs/no-qualcomm-is-not-going-after-the-server-market/108610/

Let's hope we get there ($7+) tomorrow, and even higher, after the earnings call.

[christopher]

If QCOM is not interested in AMCC,

then who is?

Intel?

[Admin]

I'm not sure Chris, but to INTC the price of AMCC would have to amount to pocket change.

[christopher]

AHHHHhhhaaaa!!!

Finally !!, after  23 posts,  revealed results from the "In House Press Conference"

The results are from AMCC Twitter page,

by Caroline Hayes@ElectronicRuiva     " Applied Micro says its ARM-based processors beat MIPS and PowerPC in enterprise servers".


It's about time,

" The benefits of Applied Micro's ARM-based multi-core processors, the Helix 2 embedded SoCs were revealed by John Williams, VP marketing, at a euroasia press briefing at the company's offices in Sunnyvale, California."

www.softei.com/embedded-64bit-multi-core-processors-drive-enterprise-class-networking/

phobos, maybe you can translate and explain in DETAIL how this will ALL benefit AMCC, thanks

[Admin]

See the background on PAM4 I posted under "news".