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No. of Recommendations: 1
Hi all

This is my first attempt at RMRanker. Sure to
have tons of mistakes that I would like to learn from.
I know AMCC is not a company with $1b in annual sales 
but its a company I am interested in;-) I have used 
proforma results for all the companies from their 
websites for the statement of operations. The balance 
sheet and income statement figures are from the the SEC 
filings. As always the subjective sections are, well, 
subjective. 

I would like comments specifically on
1. Are the figures correct?
2. Are there any better competitors (these are from AMCC's annual report)?
3. Are any of my subjective answers clearly wrong?

Thanx in advance for comments.

iyer

                                The Motley Fool's Rule Maker Ranker
                                Version 3 -- Updated June 2000

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                                                                                 (Please read all three of these competitor comments.)
Financial AnalysiCompany Being Evaluated                          Competitor #1   Competitor #2  Competitor #3

                 Applied Micro Circuits                            PMC Sierra        Vitesse       Conexant
                 Current Period Year-ago PeriodYear-over-Year    Current Period  Current Period Current Period
                    30-Jun-00      30-Jun-99       Growth           30-Jun-00       30-Jun-00       <Date>
Income Statement
  Sales                  74,188         31,643     134.5%                134,108        114,090        530,474
  Cost of Goods S        19,273         10,283      87.4%                 27,741         38,747        282,185
  Net Income             27,869          6,786     310.7%                 39,008         32,079         51,545
  Shares Outstand       132,581        114,112      16.2%

Balance Sheet
  Cash & Equivale       974,067        954,551      2.0%                 249,917        456,649        863,290
  Current Assets      1,039,967      1,005,404      3.4%                 348,440        653,870      1,707,651
  Short-term Debt         2,122          2,123      0.0%                   4,168          3,287              0
  Current Liabili        41,747         27,783      50.3%                120,011         38,009        354,224
  Long-term Debt          4,768          5,294      -9.9%                  1,603        724,000        999,997

Cash Flow Statement
  Operating Cash         33,300          7,120     367.7%                 54,481         75,975        141,640
  Capital Expendi         8,949          5,059      76.9%                 33,682         57,092        232,050
                                                                                1              1              1
Margins & Ratios . . .                                                                                         Competitors' Average
  Gross Margins            74.0%          67.5%      6.5                    79.3%          66.0%          46.8%     64.1%
  Net Margins              37.6%          21.4%     16.1                    29.1%          28.1%           9.7%     22.3%
  Cash-to-Debt            141.37         128.70     9.8%                    43.31           0.63           0.86      0.91
  Net Cash              967177.0       947134.0     2.1%                 244146.0      -270638.0      -136707.0  -54399.7
  Fool Flow Ratio           1.66           1.98    -16.1%                    0.85           5.68           2.38      2.97
  Cash King Margi          32.8%           6.5%     26.3                    15.5%          16.6%         -17.0%      5.0%


                  Continue Here

Ranking Rule Makers

1) Brand          Points (0-1)                                  3) Financial Dire Points (0-3)
Familiarity                    1                                Sales Growth                   3
Openness                       1                                Gross Margins                  3
Optimism                       1                                Net Margins                    3
Legitimacy                     1                                Shares Outstandin              0
Inevitability                  0                                Cash-to-Debt                   2
Solitariness                   0                                Fool Flow Ratio                3
Humor                          1                                Expansion Potenti              3
  Subtotal                     5                                  Subtotal                    17

2) Financial Loca Points (0-2)                                  4) Monopoly Statu Points (0-4)
Mass Market Habit              1                                Gross Margins                  4
Gross Margins                  2                                Net Margins                    4
Net Margins                    2                                Net Cash                       4
Cash-to-Debt                   2                                Fool Flow Ratio                4
Fool Flow Ratio                0                                Convenience                    0
Your Interest                  2                                  Subtotal                    16
  Subtotal                     9
                                                                5) Your  Enjoymen              1

                   Total Score               48  Second Tier

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No. of Recommendations: 0
Hello iyer,

I did a RM ranker very similar to yours. I compared PMCS to BRCM, and VTSS. You can find that ranking here:
http://boards.fool.com/Message.asp?mid=13089950

All in all, my numbers agree with yours, with the exception of net income for PMCS. I got 49,938 whereas you reported 39,008.
Also interesting to note is that VTSS and CNXT's flow ratio is very poor compared to PMCS, but it pretty much outweighs PMCS's superior flow ratio.
Other than that, I must admit that AMCC is holding its own very well against its major competitors.


Thx.
Cheers,
Albert
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