PMC-Sierra (PMCS) Message Board

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Technology Stocks : PMC-Sierra (PMCS)

PMCS 11.65

0.0%

Jan 25 4:00 PM EST

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To: Bobo who wrote (1939)	7/17/1998 10:57:00 AM
From: Mike	Read Replies (2) of 3818

Just got in today at $40 7/8 and I like this one. The company is growing sequentially at 17% and spending 22-24% on R&D. This is a very smart idea. Many companies out there will sacrifice the spending on R&D to keep the analyst happy. But this is a fantastic move for the company both short and long term. For the company to be punished so severely for this (10% drop today) is unjustified. But one qualifier- if don't hold the $40 3/4 support we could see $38. If this happens I will buy another 1000 shares. This company reminds me of TLAB-Tellabs. Lets hope this move on the R&D is expenses is loading these expenses early and bigger profits later. Best to all, Mike

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