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Technology Stocks : PMC-Sierra (PMCS) - moderated
PMCS 11.650.0%Jan 25 4:00 PM EST
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To: DukeCrow who wrote (42)10/13/2000 2:45:09 PM
From: John Farrell  Read Replies (1) of 469
 
Ali,

It's more complicated than that as they closed the acquisitions of three companies, the privately held Malleable Technologies and Datum Telegraphic, and the publically traded Quantum Effect Devices, all in Q3 and the inventory numbers of those companies were NOT included in the Q2 numbers you're referring to. Receivables went from $64.6 million to $98.0 million and QED's revenues were up 48% sequentially, so it was grew revenues, inventory and A/R faster than the rest of PMC-Sierra, which should completely explain your questions.

-John
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