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

To: Sommers who wrote (3273)	3/18/2000 2:31:00 PM
From: Mehitabel	Read Replies (1) \| Respond to of 3818

Sommers-- thanks for the IBD article. Semi stock glory days, indeed. :) >> And our revenues are accelerating. PMC has the highest gross margins in the entire semiconductor industry right now (81% for 1999, which Robertson Stephens says is highest).<<

To: Sommers who wrote (3273)	3/20/2000 11:13:00 PM
From: Sommers	Respond to of 3818

RE: 10-K Just noticed PMCS filed their 10-K today. They're smokin': "Net revenues increased 62% in 1999 as the growth in volume of sales of networking products exceeded the decline in revenues from non-networking products. Networking revenues grew 76% in 1999 and 63% in 1998. Our growth was driven by growth in our customers' networking equipment business and our customers' continued transition from designs based on custom semiconductors to designs based on standard semiconductors. Non-networking - other revenues, which include custom and other semiconductor revenues, declined 22% from 1998 to 1999 and 38% from 1997 to 1998. This reflects our strategic decision to restructure our other non-networking business and to focus on networking semiconductor business. We are supporting non-networking products for existing customers, but have not developed any further products of this type since 1996."