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

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To: John Farrell who wrote (3397)4/15/2000 9:53:00 AM
From: hospitalman   of 3818
 
John
Thank you for that reasoned analysis. It is a breath of fresh air in the midst of this insanity. Your WAG about the future is conservative as we all know. The conference call noted that all of this quarter's earnings were from PMC, not the 2 most recent acquisitions, yet earnings were held down by their expense. Yes, valuations are high, they always are for companies like this. But as interest rates rise, this most recent Old Economy move is going to turn into a dry gulch, and the solid New Economy stocks with products/profits/cash flow/growth are going to look like the oasis again.
Ken
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