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

To: Taro who wrote (3002)	12/7/1999 9:01:00 PM
From: Manx	Read Replies (2) \| Respond to of 3818

Tuesday December 7, 6:45 pm Eastern Time Company Press Release PMC-Sierra Wins Award for 'Best Financially Managed Fabless Company' BURNABY, British Columbia--(BUSINESS WIRE)--Dec. 7, 1999-- PMC-Sierra (Nasdaq:PMCS - news) today announced that it received three awards from the Fabless Semiconductor Association (FSA). The company won ``Best Financially Managed Fabless Company' in 1999 as well as ``Outstanding Financial Performance', and ``Favorite Fabless Pick.' The FSA presented awards to recognize fabless companies in the semiconductor industry who have shown exemplary success, strategy, vision and future promise. Best Financially Managed Company Award The FSA, along with financial analysts, reviewed financial performance including financial growth, profitability and liquidity ratios. Based on this criteria, PMC-Sierra was selected from the public fabless companies traded on US Exchanges. Outstanding Financial Performance Award Companies that doubled revenue or net income year-over-year, for the twelve-month period ending September 1999 received awards for their outstanding financial performance. Favorite Fabless Pick Award Five leading semiconductor financial analysts selected their favorite fabless company for this award. The financial analysts based their decisions on historical, as well as projected data, such as stock price, earnings per share, revenue forecasts and product performance. For full release visit pmc-sierra.com. About The Fabless Semiconductor Association The Fabless Semiconductor Association (FSA) is an industry organization with a singular goal: to establish fabless as a key business model in the semiconductor industry. The FSA was founded in 1994 by industry leaders looking to achieve an optimal balance between wafer demand and capacity for fabless companies. For more information about the FSA, visit fsa.org About PMC-Sierra PMC-Sierra is a leading provider of high speed internetworking component solutions emphasizing ATM, SONET/SDH, T1/E1 and T3/E3 applications. The company's quality system is registered with the Quality Management Institute to the ISO 9001 standard. As co-founder of the SATURN Development Group, PMC-Sierra works with over 30 other member companies to define and develop interoperable, standard-compliant solutions for high speed networking applications. The company is headquartered in Burnaby, British Columbia and is publicly traded on Nasdaq under the symbol ``PMCS'. PMC-Sierra offers worldwide technical and sales support and has design centers located throughout North America. For more information about PMC-Sierra, visit pmc-sierra.com Contact: PMC-Sierra Susan Shaw, 604/415-6031 sshaw@pmc-sierra.com or Cain Communications Vishal Bali, 408/341-8975 (U.S. Editorial) vishal-bali@caincomm.com or Publicity Management Leslie Franks, +44 1488-683936 (European Editorial) lkfranks@pmc.uk.com