Applied Micro: End Of SEC Probe Imminent

Law360, New York (May 28, 2008, 12:00 AM EDT) -- The U.S. Department of Justice's investigation into Applied Micro Circuits Corp. historical stock option grant practices has been closed, and the end of a U.S. Securities and Exchange Commission probe of options practices at the company is imminent, Applied Micro Circuits said in a regulatory filing.

The U.S. Attorney for the Southern District of California had been conducting an investigation into Applied Micro Circuits' historical stock option grant practices, according to the annual report Applied Micro Circuits filed with the SEC on Wednesday.

The SEC's Enforcement...
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