PMC-Sierra (PMCS) Message Board

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Technology Stocks : PMC-Sierra (PMCS)

PMCS 11.65

0.0%

Jan 25 4:00 PM EST

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From: hey now	1/20/2000 9:47:00 PM
	Read Replies (1) of 3818

Here is 1 conference call summary. It is from Yahoo board but it might be of interest to someone here. CCall++++++ by: zece9 1/20/00 9:23 pm Msg: 4195 of 4195 CC went if I can say more than excellent; since I guess most of us here are non tech people I'll post mostly $ realted stuff: -guidance for next Q revs. is at least same growth like this Q=15% or more; -gross margins will be slightly up or at least maintained at the current levels; -tax rate fwd will change to 34% from 35% -more R&D spending fwd >50% vs last yr up to 100mil. to insure the completion of all new products in pipeline&more design wins (total designs wins this yr. 15070 and this Q PMCS had 419 nw design wins) -adding new people=expect to triple no. of tech./applic. eng. (they added 400+headcount this yr.& have no problem finding good people) -lots of cash in hand and more to come; they invested in some interesting startups (voiceIP, wireless) and also in some VC firms; will not sell most of the shares in SierraWireless (worth now 180mil$) if as discussed Sierra Wirl. will IPO on Nasdaq-more cha-ching; -new aquisition Tucan-excellent designer comp. with expertise in Layer1DSP&more-will concentrate on design wins all this yr. for Tucan not of profit; Abrizio aquis. was completed perfectly and will generate $ this yr; expect about 2 more new aquisitions this yr. -they do not see inventories bulidups at their customers; the products containing PMCS inside are in the shortage category; -they see continuous heavy demand from their clients distributed on all products and they think it is not a seasonal thing; many of the startups that got bought this yr (Cerent-CSCO&many more) work with PMCS thus PMCS works with the aquirer=more buss.$ in our yard; NT is now a 10% customer; -AOL/Time Wr. they speculated (modestly) that may put more fire on ATT&Bells&co spending and the more mergers like AOL/TimeWr the merrier for PMCS. All in all an exceptional conference and I think we'll get some positive comments/upgrades soon.

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