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

To: Katz R Us who wrote (2920)	10/18/1999 11:16:00 PM
From: mariner	Respond to of 3818

Barbara I don't think everyone is bailing from PMCS specifically. Looks like the market beat up all the broadband semiconductor stocks today (VTSS, CNXT, etc). Given last week's excellent quarterly report, the continuing design wins, the seemingly excellent management, this spells buying op to me. My opinion is that PMCS' slide is due to two factors: 1/ general market sentiment with the techs/SOX 2/ some investors are taking profits given the big run up. Personnally, I believe that projecting results out a year or two would convince all but the most short term investors that slides like today represent excellent opportunities to accumulate a superb company at a reasonable price.