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Technology Stocks : Aware, Inc. - Hot or cold IPO? -- Ignore unavailable to you. Want to Upgrade?

To: Perry P. who wrote (8469)	4/13/2000 9:10:00 PM
From: Perry P.	Read Replies (1) \| Respond to of 9236

This one blows my mind. It is growing over 100% a year and gets plastered.UPDATE 2-PMC-Sierra profit better than expected April 13, 2000 06:05 PM By Susan Taylor OTTAWA April 13 (Reuters) - Communications chip maker PMC-Sierra Inc. PMCS posted pro forma first-quarter earnings of 17 cents a share on Thursday, bettering analysts' expectations by 1 cent, and sales rose 27 percent from the previous quarter. Burnaby, British Columbia-based PMC-Sierra is a leading supplier of communications chips used by network equipment makers to create next-generation high-speed Internet gear. Its competitors are Broadcom Corp. BRCM and Applied Micro Circuits Corp. AMCC PMC-Sierra is growing so quickly because of the explosive expansion of the Internet that analysts focus on its sequential, rather than year-over-year, revenue growth. Sales rose by about 27 percent from the previous quarter, compared with analyst expectations of 15-percent sales growth. PMC-Sierra recorded net first-quarter earnings, excluding certain one-time costs, of $23.0 million on record sales of $102.8 million. In the year-earlier period it recorded net earnings of 6 cents a share on sales of $50.4 million. The average forecast of a group of 25 analysts polled by First Call/Thomson Financial was for profit of 16 cents a share, though whisper numbers pegged it 1 to 2 cents higher. Those whisper estimates may have contributed to a decline in the stock on Thursday. It slid 22-4/16 to end trade on Nasdaq at 125-9/16 before the results were released.. The company's revenues from networking semiconductors of $97.8 million was up 27 percent over the previous quarter and 106 percent over the first quarter of 1999. Total sales also rose 27 percent over the previous quarter's revenue of $80.9 million. Perry P.