Can the Cisco Inventory Buildup Slow the Growth of Their Suppliers?
November 07, 2000 12:59:00 PM ET
SAN FRANCISCO, Nov. 7 /PRNewswire/ -- The following was issued by Thomas Kee, CRD #2369405:
Stock Traders Daily, stocktradersdaily.com has spoken with representatives from PMC-Sierra, Inc. PMCS and has confirmed
that the guidance remains intact.
Cisco Systems CSCO, the leader in networking for the Internet, announced its earnings for the 3rd Quarter after the close of trading on
Monday. During the conference call after the earnings release Cisco explained that inventories have increased more than analysts had
expected and this resulted in concerns about the future growth rates of the component suppliers that Cisco uses, according to Thomas
Kee at Stock Traders daily.
PMC-Sierra, which designs, develops, markets and supports high-performance semiconductor networking solutions for use in the high
speed transmission and networking systems of the global telecommunications and data communications infrastructure, is one such
company. After a discussion with David Climie, manager of Investor relations at PMC-Sierra, Stock Traders daily has been assured that
the forward guidance of 15% sequential growth that was offered to the public during the recent conference call is in tact. Mr. Climie, in
accordance with company policy, would not comment on the inventory levels of PMC-Sierra's clients, but he did make the point that
PMC-Sierra was "driving ahead on the fundamentals."
Representatives from Broadcom Corporation BRCM, another company in this category, were not immediately available for comment.
The information above is public knowledge. The information is embedded in filings and news releases made by PMC-Sierra in the recent
past. Stock Traders Daily has offered this information to help investors make educated decisions about their investments. For more
information about Stock Traders Daily visit our corporate Website: stocktradersdaily.com .
© 2000 PRNewswire |
