Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SJS who wrote (2830)	10/8/1999 11:47:00 AM
From: Kayaker	Respond to of 3818

--10:42 am PMC-Sierra shares hit by downgrade PMC-Sierra (PMCS: news, msgs) skids 13 lower to 86 7/8. Salomon SB downgraded the stock to "buy" from "outperform," but maintained its $110 target price. The broker cites questions about customer inventories as among the reasons for the rating reduction www2.marketwatch.com ------------------------------------------------ CBSM 10/08 10:27 [PMCS] PMC SIERRA CUT TO 'OUTPERFORM' FROM 'BUY' AT SALOMON SMITH BARNEY. ------------------------------------------------ RESEARCH ALERT - PMC-Sierra started Reuters Story - October 08, 1999 10:59 NEW YORK, Oct 8 (Reuters) - Lehman Brothers analyst Dan Myers started coverage of semiconductor systems company PMC-Sierra Inc. Friday with a rating of buy. -- In a report, he set a price target of $150. -- "We view PMCS as a secular investment in the buildout of the global information infrastructure," Myers wrote. -- The shares were off 10 at 89-7/8.