– USA, CA – Applied Micro Circuits Corporation (Nasdaq:AMCC), also known as AppliedMicro, announced today that it has invited long-time AMCC investor Christopher Zepf to join its Board of Directors. The appointment of the founder and Managing Principal of Kingdom Ridge Capital, LLC to the AppliedMicro Board will be formalized at the upcoming directors’ meeting on May 20, 2015.
“I am pleased to welcome Chris to our Board of Directors. Chris’ skills and experience will be a nice complement to our Board,” said Cesar Cesaratto, AppliedMicro’s Chairman of the Board. Dr. Paramesh Gopi, AppliedMicro’s CEO, noted “As AppliedMicro enters the final stages of its multi-year transformation, I look forward to Chris bringing his investor perspective and insights to our Board.”
Mr. Zepf, 43, is Managing Principal and Portfolio Manager of Kingdom Ridge Capital, LLC. Founded in 2007, Kingdom Ridge currently holds 9.9% of AMCC shares. Mr. Zepf began his investment management career in 1997 at Fidelity Management & Research in Boston, Massachusetts. Before Fidelity, he worked at investment bank Wasserstein Perella. Most of Mr. Zepf’s 20 years of investment experience have been dedicated to deep fundamental analysis of companies in the technology sector.
“I have been impressed by the Company’s leadership team and the commercialization of its disruptive X-Gene® product line for the fast-growing scale-out server market,” said Mr. Zepf. “With the HeliX® family of products, AppliedMicro has extended its 64-bit ARM® server silicon leadership into the embedded processor market. I am especially pleased to see the design win traction HeliX is achieving. AppliedMicro is well positioned to be a significant beneficiary of the broad-based adoption of ARM 64-bit technology.”
Applied Micro Circuits Corporation (Nasdaq:AMCC) is a global leader in computing and connectivity solutions for next-generation cloud infrastructure and data centers. AppliedMicro delivers silicon solutions that dramatically lower total cost of ownership. Corporate headquarters are located in Sunnyvale, California.
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