3Ware 2000 Annual Report Download - page 4

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REVENUE BY MARKET
$28.7 MILLION
Q4 FY99 Q4 FY00
$57.0 MILLION
COMMUNICATIONS
NONCOMMUNICATIONS
TODAY'S REVENUE
TECHNOLOGY SHIFT
TODAY'S R&D
SPENDING
CMOS
SiGe
BiPolar/BiCMOS
T
O
O
UR
S
TOCKHOLDERS AND
F
RIENDS
This has been the most exciting year in the history of AMCC, both in our exceptional growth and in our ability to
position the Company for continued leadership in the dynamic networking market. The Company’s success is
especially rewarding in light of the highly turbulent nature of this industry over the past year, which has witnessed
significant technology advancements, a tremendous increase in mergers and constantly shifting customer needs.
This rapidly changing landscape has brought about the increased need for partners like AMCC who can provide
total solutions at extremely high speeds, as well as the stability and track record of success to ensure future
results—innovation that stands the test of time.
During fiscal 2000, we began realizing the full potential of our dedication to the communications industry, which
has become one of the fastest growing in the world. We have also seen last year’s investment in Cimaron
Communications come to fruition, both in helping AMCC expand our product portfolio and in adding substantial
revenues to the Company. In fact, Cimaron’s quarterly bookings exceeded $10 million for the first time in the
March 2000 quarter. While we experienced significantly more revenues from digital solutions over the past year,
AMCC also continued to realize ongoing growth in the sales of our analog and mixed-signal solutions.
UNPRECEDENTED FINANCIAL PERFORMANCE. This tremendous growth is reflected in our
financial performance, including our increased profitability, exceptional liquidity and a very strong balance sheet.
Fiscal 2000’s record net revenues of $172.4 million represent an increase of 64% over the $105.0 million reported
in fiscal 1999. Net income for fiscal 2000 also increased to $48.6 million, or $0.41 per share, compared to
$17.1 million, or $0.16 per share, in fiscal 1999.
BUILDING FOR THE FUTURE. AMCC took significant steps during fiscal 2000 to extend our lead-
ership in the optical networking market. As OEM customers have increasingly outsourced design and production,