AMCC - Further Down the Spiral

AMCC (AMCC) held a conference call last Friday to review preliminary FQ108 results. The company indicated in April that FQ108 would be $60M down from $70M in the previous quarter (see “AMCC Kicks the Distribution Habit“). The final tally now puts it closer to $50M, a quarter over quarter decline of nearly 30%. This is worthy of detailed examination.

 

The explanations for the decline were painfully detailed. The company covered quarterly revenue by product line and provided explanations for each of the shortfalls. The revenue information was welcome as it allowed a clear picture of quarterly product trends to be assembled. I don’t believe this level of detail was possible without the explanation on Fridays call as it allowed some information gaps from previous quarters to be sewn shut.

	Q207	Q307	Q407	Q108E	Q208E
Processor	35.3	35.4	33.3	19	-
Transport	16.4	12.4	13.3	11	-
Storage	12.