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Technology Stocks : PMC-Sierra (PMCS)
PMCS 11.650.0%Jan 25 4:00 PM EST

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To: Sommers who wrote (3273)3/20/2000 11:13:00 PM
From: Sommers   of 3818
 
RE: 10-K

Just noticed PMCS filed their 10-K today. They're smokin':

"Net revenues increased 62% in 1999 as the growth in volume of sales of networking products exceeded the decline in revenues from non-networking products.

Networking revenues grew 76% in 1999 and 63% in 1998. Our growth was driven by growth in our customers' networking equipment business and our customers'
continued transition from designs based on custom semiconductors to designs based on standard semiconductors.

Non-networking - other revenues, which include custom and other semiconductor revenues, declined 22% from 1998 to 1999 and 38% from 1997 to 1998. This reflects our strategic decision to restructure our other non-networking business and to focus on networking semiconductor business. We are supporting non-networking products for existing customers, but have not developed any
further products of this type since 1996."
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