3Ware 2004 Annual Report Download - page 100

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APPLIED MICRO CIRCUITS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
expensed a total of $800,000, $800,000 and $667,000 for such charters during the years ended March 31, 2004,
2003 and 2002, respectively. These amounts were within the limits on such expenses approved by the board of
directors.
13. Subsequent Events (unaudited)
On April 1, 2004, the Company completed the acquisition of 3ware, Inc., a provider of high-performance,
high-capacity Serial ATA (SATA) storage solutions. Under the terms of the agreement, AMCC acquired all
outstanding shares of 3ware, Inc. for approximately $145.0 million in cash and assumed options to purchase
approximately 4.3 million shares of AMCC’s common stock.
On May 5, 2004, the Company completed the acquisition of the assets and intellectual property associated
with IBM’s 400 series of embedded PowerPC®standard products for approximately $227.9 million in cash.
F-30