Applied Micro Circuits CorporSelected Q4 Highlights
* Q4 net revenues of $67.

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0 million; fiscal 2006 net revenues of $261.8 million
* Q4 GAAP net loss of $138.3 million or $(0.47) per share, after recording a nonrecurring goodwill impairment charge of $131.2 million and a $7.7 million restructuring charge
* Q4 non-GAAP net income improved to $6.0 million or $0.02 per share; Q4 non-GAAP net operating margin measured as a percentage of revenue doubled to 5.6% from 2.8% in the prior quarter
* Q4 quarterly revenues in the focus areas of Process, Transport and Store grew 6% sequentially; non-focus revenues declined 13% sequentially; overall revenues grew nearly 3% sequentially
* Launched major initiative to develop a high performance processor core optimized for the needs of the converged network
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