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

To: Trader Dave who wrote (2933)	11/3/1999 8:51:00 PM
From: SJS	Read Replies (1) \| Respond to of 3818

HI TD. I pulled this off Briefing.com for this thread to read. It seems that SSB is really making very incorrect connections on some of these stocks with their "hypothetical stretches". Last month it was VTSS with a "possible" LU problem, now PMCS with a "possible" CSCO problem. Right. Buying op again....... ___________ 15:30 ET MMC Networks (MMCN) 16 1/2 -10 5/16: Company appeared at the Deutsche Banc Alex. Brown conference this morning and left analysts with the impression that there is downside risk for earnings this quarter. Cisco (CSCO -2 1/32) accounts for more than half of MMCN sales, which is therefore prompting rumors that CSCO is cancelling orders. PMC Sierra (PMCS -2 9/16) also getting hit as CSCO is a big customer. Salomon Smith Barney argues against buying these stocks on weakness.

To: Trader Dave who wrote (2933)	11/4/1999 12:12:00 AM
From: Taro	Read Replies (1) \| Respond to of 3818

TD, take a look into AMCC and start thinking: Does the recent run-up in AMCC have absolutely nothing to do with the "weakness" (sorry, it's all relative...) of PMCS performance? I don't think so! Talking to AMCC key people, they do not seem to fear PCMS competition at all any longer... They consider Level One (Intel) a more viable competitor! Yes, I fully understand, that AMCC and PMCS are not direct competitors, but looking at various H/W systems partitioning possibilities incl. captive ASIC companion chips - well, they are in a way. Level One?? Last quarter was down to USD 60Mil vs. USD 80Mil in the previous quarter...