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: Don S.Boller who wrote (2024)	8/5/1998 4:27:00 PM
From: Scott Kessler	Read Replies (1) of 3818

Today's almost 25% (from high to low) drop in PMCS had me thinking. MANU experienced something similar -- a significant/high-volume drop on "no news" -- right before the co. announced it would miss its quarter. I had bought MANU that day b/c I thought I was getting a bargain. Subsequent to the announcement, I got slammed. Thus, I was a tad reluctant to wade into the merky PMCS water. I was expecting some bad news to surface or the stock to base and bounce. Luckily, I took a deep breath and picked up some more shares just as the stock was turning around. Unfortunately, my cost basis is above today's close. I don't know what to think at this point, but I still believe in PMCS -- it's a great co., w/ great technology and products, serving high-growth customers in a vibrant industry. It's gotten hurt b/c folks have shaved earnings estimates somewhat in light of an expected increase in R&D expenditures. Nonetheless, seems to me that PMCS is being lumped together w/ the semi stocks, which haven't done very well ytd. I'm hopeful that some big players will soon realize that this is really a telecom play and that the stock will perform accordingly -- Scott.

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