group of AppliedMicro designs, manufacturers and markets physical layer devices, framers/mappers and switch fabric devices. Acquisitions Throughout the years, AppliedMicro has acquired smaller companies to enter new markets. Class-action lawsuit In 2005, the company paid $60 million to settle a class-action lawsuit on behalf of investors against the company and certain of its current and former officers and directors. The suit had charged the company with issuing a series of materially false and misleading statements concerning the company's operations and prospects for Q4 2001 and beyond. Under the terms of the settlement, the company and defendants denied any wrongdoing. About half of the amount of the settlement was covered by insurance. References External links Applied Micro Corporate website Companies listed on the Nasdaq Fabless semiconductor companies Semiconductor companies of the United States Companies based in Sunnyvale, California