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Technology Stocks : PMC-Sierra (PMCS) -- Ignore unavailable to you. Want to Upgrade?

To: DownSouth who wrote (2660)	8/15/1999 12:08:00 PM
From: Ibexx	Read Replies (2) \| Respond to of 3818

DownSouth, Re. what brought you in? [ed] Actually, I was somewhat late to the party, having deploying major resources to the pursuit of others, although I had been watching this issue since early 1998. Why? - Answers in short: PMCS embodies all the coveted elements in high-tech investing from my perspective: Fast growing sector....sustainable high growth in the foreseeable future....infrastructure play....broadband....the beginning of a robust semiconductors cycle...consolidated leadership (has steadily distanted itself from closest competition)....huge earnings surprises Q to Q (implying great managerial execution)....unbeatable charts (didn't even dip during the September/October 1998 fiasco). What else would you like to me say? Cheers, Ibexx PS: I was in both long commons and short puts. The 25 Nov 75 puts I shorted returned hefty profits in a week (sold at $ 7-8 apiece, bought back at $3.5). Position (of short puts) was closed on Friday. Not bad for the price of a couple of phone calls - sure beats my 14-hour Corporate day. <g>