PMC-Sierra (PMCS) Message Board

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Technology Stocks : PMC-Sierra (PMCS)

PMCS 11.65

0.0%

Jan 25 4:00 PM EST

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To: DownSouth who wrote (3595)	7/13/2000 6:28:46 PM
From: John Farrell	Read Replies (1) of 3818

In after hours trading on places like Instinet and Island's ECNs. It had also peaked at $237 in after hours trading. Most likely it's people who bought in on the run-up to earnings... the old buy the rumor, sell the news deal. Not everyone is a long term buy-and-hold on this gem. I would suspect the analysts that listened to the just completed conference call will be re-issuing their "Strong Buy" ratings and upping their earnings estimates over the next few days. Some conference call highlights: 70 products shipping presently Q2 Design wins: 423 with a significantly increased 1933 pending design wins Q3 book-to-bill significantly higher than 1 with better than 15% Q2-to-Q3 revenue growth already on the books (similar comment to last quarter where revenue growth ended up actually being 30% quarter over quarter) Doubling of R&D for Y2000 over Y1999 excluding any additional acquisitions 14-16 week lead times Tiny Tera One Y2000 revenues in the millions ramping to $100 million in Y2002 50 Vortex design wins (systems versus sockets) S/UNI 2488 OC-48c has design wins with silicon in fabs for delivery to waiting boards in late August/early September OC-192 in CMOS and on target for Q1 Y2001 sampling Tremendous interest in unannounced traffic management chips that are taping out presently (I believe from the Extreme Packet Devices acquisition) will sample in September Exploring offshoot of the VORTEX to be more focused on base stations No product accounts for more that 10% of revenues although a few are more than 5% Great interest in MECA and CHESS solutions CSCO and LU both over 10% of revenues with CSCO being in the high teens. Lots of congratulations from the analysts -John

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