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

To: ShenValleyBill who wrote (2963)	11/10/1999 9:02:00 AM
From: SJS	Respond to of 3818

08:53 ET Cisco Secondary Plays : CNBC reporting that Goldman Sachs bullish on MMC Networks (MMCN 21 3/4) and PMC-Sierra (PMCS 99 13/16) on heels of Cisco's (CSCO) strong qtr, as companies are major suppliers to networking giant.

To: ShenValleyBill who wrote (2963)	11/10/1999 12:04:00 PM
From: Taro	Respond to of 3818

now, how about IBM running up as well? The future main CSCO silicon supplier... (don't be sarcastic, somebody said).

To: ShenValleyBill who wrote (2963)	11/11/1999 8:35:00 AM
From: SJS	Read Replies (1) \| Respond to of 3818

New from the AEA on PMCS..... ______________ From Briefing.com In the chip world, we visited PMC Sierra (PMCS), Aware (AWRE), and Globespan (GSPN). Aware and Globespan are competitors in the DSL chipset business, and both have seen their fate rise and fall along with that of DSL generally. A visit with these two companies is an exercise in the futility of DSL standards. There is ADSL full rate, ADSL G.lite, HDSL, HDSL2, SDSL, VDSL, and there are different modulation standards -- CAP and DMT. There is also confusion about who is doing what with whom. Aware's stock was hit in the summer months by talk that the company might lose its business with Cisco (CSCO). Aware's CEO said that he believed that this talk surfaced from Globespan, and that it was not true as Globespan only ships its CAP chipsets to CSCO, and AWRE's chipset designs for CSCO are DMT. But then Globespan's CFO says that GSPN ships chipsets to CSCO that support both CAP and DMT. And there's more. AWRE recently announced an unspecified deal with Intel (INTC) that Aware's CEO would still not define. INTC is a GSPN customer, but Globespan's CFO says that Intel's networking division didn't do the deal; it was INTC's semiconductor division, so GSPN's business was not in danger. Confused? You should be. I was. PMC Sierra, on the other hand, had a clean story. PMC's communications chips are used in routers, access multiplexers, DSLAMs, and other high-end devices that are at the core of the Internet. This market is booming and PMCS has all the blue chip telecom companies as customers: CSCO, NT, LU, and ERICY to name a few. After the morass of DSL, the PMCS story was a breath of fresh air.