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

To: Kayaker who wrote (70)	11/7/2000 9:57:15 AM
From: Eric L	Read Replies (1) \| Respond to of 469

Pretty ugly out there and quiet here (so I added at $131). Guess this is why. >> Market Report -- In Play (PMCS) November 07, 2000 08:38:00 AM ET Briefing.com PMC-Sierra (PMCS) 153 13/16: Banc of America Securities lowering price target to $225 from $325, based on Cisco inventory concerns and company's Lucent exposure; firm maintains its STRONG BUY rating.... PMCS shares trading at $139 in pre-market. Market Report -- In Play (PMCS) November 06, 2000 11:32:00 AM ET Briefing.com PMC-Sierra (PMCS) 155 7/8 +5 13/16 (+3.87%): -- Technical -- Attempting to build on last week's test of the Oct low. Continues two week range trade near trendline off April/May/early Oct lows (roughly 159 today) with a sustained breach opening the door to the Nov high (174 3/8). Important support is at 150. << On the plus side: >> PMC-SIERRA FURTHER EXTENDS COMPREHENSIVE 2.5 GIGABIT PER SECOND POS-PHY LEVEL 3 PRODUCT PORTFOLIO << Article dated 11/06 from BusinessWire here: news.moneycentral.msn.com - Eric -

To: Kayaker who wrote (70)	11/8/2000 11:30:03 PM
From: Kayaker	Read Replies (3) \| Respond to of 469

"Most of the communication systems companies haven't seen it yet," says Lehman Brothers analyst Dan Niles. "They're reporting strong order books from Nortel and Cisco. I hear that and I say, Oh, my God, we're dead. If you haven't seen the cutback in orders, that means it's right around the corner." Altera warned in early November that its revenue growth would be at the lower end of the 12% to 15% range the company had been forecasting. Niles thinks that there are more warnings to come. "These guys aren't used to the business being cyclical," said Niles. "Most didn't exist in their present form in 1995 and 1996. They look at the order books and say, This is fine. But they don't realize that it can vanish overnight. We'll get a rude awakening in Q4 and Q1." thestreet.com Niles Gets Serious on Semis 11/08/00 2:57 PM ET Dan Niles, who came out all aces on TSC's analyst survey, is really pounding the telco semiconductors. This isn't the first time, but he is saying that it is not too late to sell at all. Remember, Lehman is very powerful and his call has clout. He predicts that we are in the second inning of the decline! thestreet.com