3Ware 2004 Annual Report Download - page 5

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penetration with a switched architecture that delivers performance, scalability and
the economy of SATA. 3wares customers and channel relationships complement our
existing small and medium business Fibre Channel Host Bus Adapter (HBA) strategy,
while extending our reach into the direct-attached storage (DAS) and network-attached
storage (NAS) demands of the marketplace.
The acquisition of IBMs PowerPC 400 family of products is highly synergistic with our
existing communication and storage integrated circuit portfolio and will provide AMCC
with immediate revenue from and access to an extensive portfolio of products for the
communications networking, storage and consumer markets. Long term, the integra-
tion of the PowerPC core with our existing network processing portfolio creates com-
pelling future market opportunities such as communications processors addressing data
center, storage and wireless infrastructure solutions.
Our semiconductor leadership and Fibre Channel and SATA storage expertise from
recent acquisitions allow us to broaden our market opportunity by leveraging valuable
technology, intellectual property and infrastructure, enabling us to accelerate our
complementary product roadmaps and penetration into both the communications
and storage markets.
COMMUNICATIONS MARKET
We are encouraged by the business momentum we see from our communications
customers, as well as our product traction at the major accounts and our greater
diversification into metro and access areas of the communications network. We believe
that our investment in leadership products throughout the market downturn has
positioned AMCC well as the industry continues to rebound.
We believe that the need for the convergence of voice and data into one system will be
one of the key drivers of future growth in the communications market and have focused
our roadmaps to deliver robust multi-service functionality to our customers. Products like
our multi-service switching MISSIONchipset allow our customers to deliver a wide variety
of speeds and services in their equipment on a cost-effective basis. More than ever, our
customers look to AMCC as a partner who can provide comprehensive solutions and help
them meet system demands and reduce the total cost of ownership to their customer.
Throughout the communications market downturn, many OEMs reduced engineering
headcount and adopted more standard product use. This shift to standard product use
combined with our focused investments in key elements of technology provides AMCC
with greater silicon content within OEM equipment.
OCTOBER 23, 2003
AMCC announced
second quarter results
22% sequential revenue
growth.
OCTOBER 28, 2003
AMCC completed
Acquisition of JNI
Corporation.
NOVEMBER 5, 2003
Introduced DispersionXX
in the S3394.
NOVEMBER 17, 2003
AMCC received Supplier
Performance Award from
CIENA Corp., a leading
global provider of inno-
vative network solutions.
JANUARY 20, 2004
AMCC announced third
quarter results52%
sequential revenue
growth.
JANUARY 26, 2004
AMCC leveraged the
companys expertise in
0.13-micron CMOS
design for the S1212
and S1213.
FEBRUARY 24, 2004
Introduced the Rubicon
family of asynchronous
mapping devices.
MARCH 2, 2004
Signed definitive
agreement to acquire
3ware, Inc. moving into
direct and network
attached storage market.
MARCH 22, 2004
AMCC announced
expanded 3.3V Peripheral
Component Interconnect
(PCI) controller line with
a Target-only single-chip
interface.
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