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

To: hey now who wrote (3442)	4/19/2000 7:30:00 PM
From: Toby Zidle	Read Replies (1) \| Respond to of 3818

So PMCS wants to get shareholder authorization to raise the number of shares from 200 million to 900 million? Interesting....consider the possibilities: From one perspective, issuing stock "to raise equity capital" is dilutive to present shareholders and would be a drag on the stock price. On the other hand, if they can create a 'big company' image with almost 1 billion shares outstanding, they may become as well followed at TXN or AMAT. Added liquidity increases institutional ownership and raises the share price. I'd probably vote to approve though every time I see "raise equity capital", it's a red light that would go out.

To: hey now who wrote (3442)	5/17/2000 3:55:00 AM
From: John Farrell	Read Replies (1) \| Respond to of 3818

"Accelerating the Broadband Revolution" - PMC-Sierra's 1999 Annual Report just came in the mail today along with the proxy votes for five items: 1) Board of Directors election (all five the same as last year) 2) Increase of authorized shares from 200 million to 900 million 3) Increase of shares reserved for Incentive Stock Plan 4) Increase of option grants to non-employee Board members 5) Confirmation of appointment of Deloitte & Touche LLP as independent auditors for 2000 The 2000 Annual Shareholders Meeting will be held on Thursday, June 15, 2000 at 12:00pm PDT at the Embassy Suites Hotel located at 9000 SW Washington Square Road, Tigard, Oregon. In the instructions to the shareholders for proxy voting they also included information on large shareholders: AMVESCAP PLC 9,743,060 shares 7.0% Capital Research and Management Co. 7,973,200 5.7% FMR Corp 7,303,158 5.2% Putnam Investment, Inc. 7,291,536 5.2% James V. Diller 3,205,887 2.3% Robert L. Bailey 2,848,420 2.0% Gregory D. Aasen 1,474,974 1.1% At today's closing price, that makes Diller's (the founder & Vice-Chairman) holdings $526 million, Bailey's (CEO & Chairman) holdings $467 million, and Aasen's (COO) holdings $242 million