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Technology Stocks : PMC-Sierra (PMCS)

PMCS 11.65

0.0%

Jan 25 4:00 PM EST

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To: SJS who wrote (3060)	1/20/2000 4:36:00 PM
From: Lee	Read Replies (1) of 3818

SJS,..Re:.More news Hey you're welcome, here's some more news. <g> PMC-Sierra, Inc. Announces Acquisition of Toucan Technology biz.yahoo.com BURNABY, B.C.--(BUSINESS WIRE)--Jan. 20, 2000-- PMC-Sierra (Nasdaq:PMCS - news) today announced they will acquire Ireland-based Toucan Technology, a privately held Integrated Circuit (IC) design company with 30 employees. PMC-Sierra currently owns seven per cent of the company and will purchase the remainder for approximately 150,000 PMC-Sierra shares. The two companies have signed an agreement subject to completion which will be accounted as a pooling of interests. Cheers, Lee

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