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Technology Stocks : PMC-Sierra (PMCS)

PMCS 11.65

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Jan 25 4:00 PM EST

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From: hey now	4/19/2000 12:33:00 PM
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PMC-Sierra Seeks To Increase Auth Shrs To 900M From 200M Dow Jones Newswires WASHINGTON -- PMC-Sierra Inc. (PMCS) is asking its shareholders to approve a proposal to increase its authorized common shares to 900 million from 200 million, according to a preliminary proxy statement filed Tuesday with the Securities and Exchange Commission. Shareholders will vote on the proposal at the company's annual meeting in Tigard, Ore., scheduled for June 15. The company said that the additional shares will provide flexibility for uses such as stock splits in the form of stock dividends, acquisitions, the adoption of additional equity incentive plans, or to raise equity capital. PMC-Sierra designs mixed-signal integrated circuits and software for use in broadband communications infrastructures, high bandwidth networks and multimedia PCs.

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