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SUNNYVALE, Calif., Dec. 4 /PRNewswire/ -- MMC Networks, a wholly owned subsidiary of Applied Micro Circuits Corp. (Nasdaq: AMCC), V-Soft, Inc., and Processor Systems (India), Pvt. Ltd. (ProcSys), today announced a strategic alliance to provide enhanced customer service and custom design support using MMC's market-leading network processing platforms. V-Soft and ProcSys will help customers integrate MMC's network processor, switch fabric, and traffic management engines into a variety of advanced networking and communications platforms.

For this strategic alliance with MMC Networks, the local technical leadership of V-Soft will be partnered with the depth of experience and capability in network software and hardware from ProcSys. The alliance provides additional engineering resources from V-Soft and ProcSys for customer design-intensive activities. This dedicated engineering support is available on a 24/7 basis to supplement technical assistance to customers needing ancillary design help.

``V-Soft and ProcSys' engineering expertise complements our already strong customer engineering team,'' stated Ari Birger, Vice President of Customer Engineering, MMC Networks. ``In the networking design engineering realm, technical know-how is critical to customer support. V-Soft and ProcSys are adept in assisting customers with the intricacies of the network processor environment, thus supplementing our own technical expertise.''

``We are pleased to be associated with MMC Networks at such a strategic level,'' stated Ashwin Vora, President, V-Soft, Inc. ``This partnership provides network equipment vendors additional highly-trained resources at the most critical stage of their design and development phase.'' ProcSys chairman and CEO V. K. Harindran added, ``We are excited about this strategic alliance with MMC Networks, the pioneer in Network Processor technology, and consider this event a significant milestone in our history. ''

The V-Soft and ProcSys engineering teams will assist MMC Networks in pre-and post-sales support as needed by MMC customers. V-Soft and ProcSys personnel can work remotely, from MMC facilities, or at customer sites, whichever best serves customer requirements.

About MMC Networks, Inc.

MMC Networks is the first mover and market leader in providing total network processing platforms and services, enabling network and communications equipment vendors to rapidly develop scalable, feature-rich, cost-effective products. MMC platforms form the silicon heart of many Layer 2-7 WAN and LAN switches and routers, broadband, optical, web switching, subscriber management, and other communications platforms. On October 25, 2000, MMC Networks completed its merger with Applied Micro Circuits Corporation, becoming a wholly owned subsidiary of AMCC. For additional information visit http://www.mmcnetworks.com or call 408-731-1600. MMC Networks - The Network Processor Company(TM)

About V-Soft, Inc.

A California corporation, V-Soft, Inc., has been serving clients in Silicon Valley and throughout the U.S. high-tech community since 1995 from its facilities in Fremont and Newark. Using its highly skilled software engineering personnel here and in India, V -Soft provides development and quality assurance services in the areas of network management software, firmware, and hardware; embedded systems programming; industrial automation; DSP-based technology; and software quality assurance. For more information, visit http://www.v-softinc.com or call 510-683-0107.

About Processor Systems (India) Pvt. Ltd.

An acknowledged pioneer in India in the design of minicomputers, peripheral controllers and PC's, ProcSys has many years of hardware and software design experience in diverse technology areas. This breadth of expertise underpins its special focus during the last decade on serving clients in the United States in the area of high-speed networking and interconnectivity. For more information, please visit http://www.procsys.com .

NOTE: nPsoft, The Network Processor Company and the MMC Networks logo are trademarks of MMC Networks, Inc. All other names mentioned are trademarks, registered trademarks or service marks of their respective companies.

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, statements regarding the future performance of MMC's products and the anticipated benefits to be realized by MMC's customers from its products. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, risks associated with the development of the market for network processors, rapid technological change in that market, errors, defects or bugs in newly introduced products, competition, as well as the factors discussed in MMC's Annual Report on Form 10-K for the year ended December 31, 1999, and MMC's other filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date hereof, and MMC does not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.