PMC-Sierra (PMCS) Message Board

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Technology Stocks : PMC-Sierra (PMCS)

PMCS 11.65

0.0%

Jan 25 3:00 PM EDT

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To: Ibexx who wrote (3751)	10/15/2000 12:26:44 PM
From: SJS	Read Replies (1) of 3818

Comments from PRU: __________ PMCS: PMC Sierra reported a killer quarter and very upbeat guidance. The earnings were 31cts ahead of estimates of 26cts on sequential revenue growth of 32%. Gross margins looked like they fell but this was as a result of the QED acquisition. The new guidance is 33cts for the December quarter and $1.03 and $1.64 for 2000 and 2001 on revenues of $228MM, $690MM and $1.15bn respectively. Along with the AMCC report yesterday, we think that this confirms that this is the right place to be positioned. Our target is $300.

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