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

To: Stoctrash who wrote (334)	2/1/2001 11:01:27 PM
From: Stephen O	Respond to of 469

It was only last weekend after the precipitous drop last Friday of $4 billion in market cap or 23% that I even looked at the stock. I knew it was expensive but I could not believe how expensive it is. The company now has a $12 billion market cap, yet it's revenues for 2001 are going to be around $700 million. The stock is trading at 17 times forward sales. This is insane. Even 3 times sales is an expensive multiple for established stocks. Going down, I'm afraid for all you hoping longs.