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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: Kayaker who wrote (70)11/7/2000 9:57:15 AM
From: Eric L  Read Replies (1) of 469
 
Pretty ugly out there and quiet here (so I added at $131). Guess this is why.

>> Market Report -- In Play (PMCS)
November 07, 2000 08:38:00 AM ET
Briefing.com

PMC-Sierra (PMCS) 153 13/16: Banc of America Securities lowering price target to $225 from $325, based on Cisco inventory concerns and company's Lucent exposure; firm maintains its STRONG BUY rating.... PMCS shares trading at $139 in pre-market.

Market Report -- In Play (PMCS)
November 06, 2000 11:32:00 AM ET
Briefing.com

PMC-Sierra (PMCS) 155 7/8 +5 13/16 (+3.87%): -- Technical -- Attempting to build on last week's test of the Oct low. Continues two week range trade near trendline off April/May/early Oct lows (roughly 159 today) with a sustained breach opening the door to the Nov high (174 3/8). Important support is at 150. <<

On the plus side:

>> PMC-SIERRA FURTHER EXTENDS COMPREHENSIVE 2.5 GIGABIT PER SECOND POS-PHY LEVEL 3 PRODUCT PORTFOLIO <<

Article dated 11/06 from BusinessWire here:

news.moneycentral.msn.com

- Eric -
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