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Technology Stocks : PMC-Sierra (PMCS)
PMCS 11.650.0%Jan 25 4:00 PM EST
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To: hey now who wrote (3442)4/19/2000 7:30:00 PM
From: Toby Zidle  Read Replies (1) of 3818
 
So PMCS wants to get shareholder authorization to raise the number of shares from 200 million to 900 million? Interesting....consider the possibilities:

From one perspective, issuing stock "to raise equity capital" is dilutive to present shareholders and would be a drag on the stock price. On the other hand, if they can create a 'big company' image with almost 1 billion shares outstanding, they may become as well followed at TXN or AMAT. Added liquidity increases institutional ownership and raises the share price.

I'd probably vote to approve though every time I see "raise equity capital", it's a red light that would go out.
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