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Technology Stocks : PMC-Sierra (PMCS)
PMCS 11.650.0%Jan 25 4:00 PM EST
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To: hospitalman who wrote (3396)4/14/2000 1:00:00 PM
From: John Farrell  Read Replies (3) of 3818
 
Ken, while we can be mad as hell about the drops in our portfolios, we should be taking "it" as this really provides buying opportunities. One should never get into a case of "forgotten history". PMCS did a similar ~50% drop in the summer/fall of 1998 during the Asian/Russian crisis. Back then I recommended to some co-workers that they should take the opportunity to get some PMCS on the cheap. One did (getting in at a split adjusted $7 a share), three others didn't. Needless to say, those other three have been kicking themselves for quite a while now.

Hmm, if we go with 20% growth quarter over quarter in strictly networking revenues:

Q1 $97.8 million (actual)
Q2 $117.4 million (projected)
Q3 $140.9 million (projected)
Q4 $169.1 million (projected)
--------------------
Y2000 $525.2 million (projected)

Now for total profits based on 28% of networking revenues for projections on Q2, Q3, and Q4:

Q1 $28.1 million (actual)
Q2 $32.9 million (projected)
Q3 $39.5 million (projected)
Q4 $47.3 million (projected)
----------------------------------
Y2000 $147.8 million (projected)

Given the 166.6 million shares, that's $0.89 a share which I believe is 10% higher than any of the analysts' Y2000 estimates. Of course, this is just a WAG on my part. Should be interesting to see how the next three quarters go.
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