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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Softechie who wrote (24543)1/16/2003 2:43:47 PM
From: Softechie  Read Replies (1) | Respond to of 30712
 
PMCS PMC-Sierra follow-up (6.51 -0.75) -- Update --
Salomon Smith Barney out with a comment indicating that PMCS will announce a 22% reduction in headcount. Given that stock has doubled from Oct lows, firm does not think layoffs are a good sign for those who purchased the stock anticipating a turn in telecom spending.