PMC-Sierra (PMCS) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PMC-Sierra (PMCS)

PMCS 11.65

0.0%

Jan 25 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DownSouth who wrote (3608)	7/14/2000 12:14:00 PM
From: finfan	Read Replies (3) of 3818

Here are my 2 cents worth on the NON-ANNOUNCEMENT of a split. The new acquisition is not a set amount of money. It is tied to PMCS stock. I believe it is 0.389 to 1 (do not quote me on this). The higher PMCS stock goes up, the more expensive the deal is. PMCS' management may have held the split announcement to keep the stock price from flying too high and costing them even more for the new company. In the proxy that was sent out a few weeks ago, PMCS requested an increase from 200 to 700 Million shares. Under normal conditions PMCS would have announced a 2 for 1 or even a 3 for 1 split. I believe a 3 for 1 would have been announced especially since they only have 145 Million shares outstanding. PMCS will still announce a split in the next few weeks. I am not sure of the timing though. Finfan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next