THIS PAPER DOCUMENT IS BEING SUBMITTED PURSUANT TO RULE 902(g) OF REGULATION
S-T.
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. ______)*
APPLIED MICROCIRCUITS CORPORATION
(Name of Issuer)
COMMON
(Title of Class of Securities)
03822W109
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 13 Pages
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<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP No. 03822W109 13G Page 2 of 13 Pages
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1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
SEQUOIA CAPITAL GROWTH FUND 95-4107950
- ------------- ----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
N/A (b) [ ]
- ------------- ----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH NONE
------- -----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,142,856
------- -----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
NONE
------- -----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,142,856
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,142,865
- ------------- ----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.8%
- ------------- ----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP No. 03822W109 13G Page 3 of 13 Pages
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1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
SEQUOIA PARTNERS (CF) 95-4107954
- ------------- ----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
N/A (b) [ ]
- ------------- ----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH none
------- -----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,142,856
------- -----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
NONE
------- -----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,142,856
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,142,856
- ------------- ----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.8%
- ------------- ----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
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</TABLE>
Page 3 of 13 Pages
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<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP No. 03822W109 13G Page 4 of 13 Pages
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1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
SEQUOIA TECHNOLOGY PARTNERS III 95-4121645
- ------------- ----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
N/A (b) [ ]
- ------------- ----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH NONE
------- -----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
57,136
------- -----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
NONE
------- -----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
57,136
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
57,136
- ------------- ----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
LESS THAN 1%
- ------------- ----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
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</TABLE>
Page 4 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP No. 03822W109 13G Page 5 of 13 Pages
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1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
THOMAS F. STEPHENSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
N/A (b) [ ]
- ------------- ----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
US
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH NONE
------- -----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,199,992
------- -----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
NONE
------- -----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,199,992
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,199,992
- ------------- ----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1%
- ------------- ----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 5 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP No. 03822W109 13G Page 6 of 13 Pages
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1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
DONALD T. VALENTINE
- ------------- ----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
N/A (b) [ ]
- ------------- ----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
US
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH none
------- -----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,199,992
------- -----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
NONE
------- -----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,199,992
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,199,992
- ------------- ----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1%
- ------------- ----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP No. 03822W109 13G Page 7 of 13 Pages
- ----------------------------------------------------- ------------------------------------------
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1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
GORDON RUSSELL
- ------------- ----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
N/A (b) [ ]
- ------------- ----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
US
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH none
------- -----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,199,992
------- -----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
NONE
------- -----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,199,992
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,199,992
- ------------- ----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1%
- ------------- ----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP No. 03822W109 13G Page 8 of 13 Pages
- ----------------------------------------------------- ------------------------------------------
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1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
PIERRE LAMOND
- ------------- ----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
N/A (b) [ ]
- ------------- ----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
US
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH none
------- -----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,199,992
------- -----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
NONE
------- -----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,199,992
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,199,992
- ------------- ----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1%
- ------------- ----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8 of 13 Pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP No. 03822W109 13G Page 9 of 13 Pages
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1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
MICHAEL MORITZ
- ------------- ----------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
N/A (b) [ ]
- ------------- ----------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ----------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UK
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH none
------- -----------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,199,992
------- -----------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
NONE
------- -----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,199,992
- ---------------------------- ------- -----------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,199,992
- ------------- ----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------------- ----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1%
- ------------- ----------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 9 of 13 Pages
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Item 1.
(a) Name of Issuer: APPLIED MICROCIRCUITS CORPORATION
(b) Address of Issuer's Principal Executive Offices:
6195 LUSK BOULEVARD
SAN DIEGO, CALIFORNIA 92121
Item 2.
(a) Name of Persons Filing: Sequoia Capital Growth Fund ("SCGF")
Sequoia Partners (CF) ("SP(CF)")
Sequoia Technology Partners III
Pierre Lamond ("PL")
Donald T. Valentine ("DTV")
Thomas F. Stephenson ("TFS")
Gordon Russell ("GR")
Michael Moritz ("MM")
SP(CF) is the General Partner of SCGF. PL, DTV, TFS, GR AND MM are
General Partners of SP(CF) and STP III.
(b) Address of Principal Business Office or, if None, Residence:
3000 Sand Hill Road
Building 4, Suite 280
Menlo Park, CA 94025
(c) Citizenship:
SCGF, SP(CF), STP III: California
PL, DTV, TFS, GR: United States;
MM - UK
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 85915R105
Item 3. If this statement is filed pursuant to Rules 13d-1(b),or 13d-2(b),
check whether the person filing is a:
Not applicable
Item 4. Ownership
See Rows 5 through 11 of cover pages
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following x.
Instruction. Dissolution of a group requires a response to this item.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Page 10 of 13 Pages
<PAGE>
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company
Not applicable
Item 8. Identification and Classification of Members of the Group
Not applicable
Item 9. Notice of Dissolution of Group
Not applicable
Item 10. Certification
[The following certification shall be included if the statement is filed
pursuant to Rule 13d-1(b):]
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.]
[EXHIBITS]
[A: Joint Filing Statement]
Page 11 of 13 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: , 1998
SEQUOIA CAPITAL GROWTH FUND
By its General Partner,
Sequoia Partners (CF)
- --------------------------------
Thomas F. Stepehenson, General Partner
- --------------------------------
Pierre Lamond
- --------------------------------
Donald T. Valentine
- --------------------------------
Thomas F. Stephenson
- --------------------------------
Gordon Russell
- --------------------------------
Michael Moritz
Page 12 of 13 Pages
<PAGE>
EXHIBIT A
JOINT FILING STATEMENT
Pursuant to Rule 13d-1(f)(1), we, the undersigned, hereby express our
agreement that the attached Schedule 13G is filed on behalf of each of us.
Date: , 1998
SEQUOIA CAPITAL GROWTH FUND SEQUOIA TECHNOLOGY PARTNERS III
By its General Partner,
Sequoia Partners (FR)
- -------------------------------- --------------------------------
Thomas F. Stephenson, General Partner Thomas F. Stephenson, General
Partner
- --------------------------------
Pierre Lamond
- --------------------------------
Donald T. Valentine
- --------------------------------
Thomas F. Stephenson
- --------------------------------
Gordon Russell
- --------------------------------
Michael Moritz
Page 13 of 13 Pages
