While the company does not yet specify how much it hopes to raise through the stock offering, it has applied to have shares traded on NASDAQ under the symbol "SMCI."

The company also said in the report that it plans to ship a high-performance blade server in the first half of 2007 that will support both Advanced Micro Devices' Opteron processors and Intel's Xeon chips. The new product, called "Superblade," is an effort to grab a piece of an expected brisk market for ultra-dense servers next year.

The San Jose, Calif.-based company turned in sales that grew from $211.8 million for its 2005 fiscal year to $302.5 million for its most recent fiscal year, with its income more than doubling during that time from $7 million to $16.9 million. The significant rise in revenue and profit corresponds with the company's decision to abandon its strategy of providing motherboards that were targeted exclusively at the Intel processing platform, while shipping boards into the market for processors made by Advanced Micro Devices.

By: DocMemory
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