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Technology Stocks : PMC-Sierra (PMCS)
PMCS 11.650.0%Jan 25 4:00 PM EST
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To: DownSouth who wrote (3604)7/13/2000 11:16:46 PM
From: John Farrell  Read Replies (1) of 3818
 
Dear DownSouth,

I'm sure he does know... but, being overly aggressive with public comments about future results is not PMC-Sierra's style, as TraderDave states. The comments on this conference call about the coming quarter's results matches what PMCS has given as guidance the previous few quarters. Since they don't guide that there will be 30% quarter over quarter growth, the analysts don't make their estimates for such growth. In doing this, PMCS has consistently beaten the consensus estimates. If PMCS suddenly changed this guidance, it would be something unexpected and the market generally punishes companies too aggressive in their guidance that then don't meet the analysts' expectations.

If you can't place your confidence in a long proven successful company like PMCS, I don't know who you can have confidence in.

-John
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