3Ware 2001 Annual Report Download - page 5

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optical carrier (OC)-768, 40 gigabit-per-second (Gbps) transimpedance amplifier (TIA). In addition,
we continued to add compelling new OC-48 and OC-192 products to our portfolios that will remain
the heart of our growth over the next couple of years.
Moving forward, we intend to expand our market share and leadership in the industry. It is our
belief that market leaders that remain aggressive in a weakened market gain momentum and
market share, emerging even stronger than before. Demand creation, through the introduction
of new products and obtaining design wins, is now more critical than ever. To this end, we
continue to focus our efforts on developing breakthrough products that will drive future growth and
are fully staffing all critical projects and support resources. AMCC will also trim all discretionary
expenses that do not help near-term revenue, new product development or design wins.
Otherwise, we will continue to leverage our technological, financial and industry expertise
to expand AMCC’s leadership in the markets we serve. AMCC has a solid cash position and has
managed to a low breakeven point relative to some of our competitors.
During fiscal 2001, AMCC also saw the fruition of our acquisition strategy. In October 2001, for
example, AMCC acquired MMC Networks, which complements our existing solutions with software-
programmable network processor and traffic management engine components. This critical
technology enables AMCC to deliver a total solution for our customers.
In short, we are not playing merely to survive, but to win. By remaining focused and aggressive,
we will realize our corporate mission: To be the premier supplier of high-bandwidth silicon for the
world’s intelligent optical networks.
Organizationally, I am pleased to welcome Wayne Price to AMCC’s board of directors. As
co-founder of Valiant Networks and former chief technology officer for Williams Communications,
Wayne’s unique perspective on our customers’ customers will prove extremely valuable in helping
us develop future business strategies. I would also like to thank every AMCC employee, customer
and stockholder for their continued support and dedication.
David M. Rickey
Chairman of the Board,
Chief Executive Officer and President
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