Reuters has reported that Applied Microsystems' stock climbed 23 percent to $4.02 yesterday thanks to brisk sales of the company's Xbox development tools. Applied Microsystems makes Xbox tools that enable DVD emulation, allowing developers to see their games run as if they were actually accessing target DVDs. The emulator also replaces the need for a DVD drive or a hard drive and eliminates the need to burn DVDs.
Applied Microsystems' profits rose 32 percent to $10.1 million this quarter, and the company expects profits to continue to climb.
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