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

To: Trader Dave who wrote (1724)	5/22/1998 2:15:00 PM
From: Bulldozer	Read Replies (1) \| Respond to of 3818

Ditto TD - at the last H&Q conference, many fund managers were clueless as to their underlying business and one actually asked how bad the current glut/slowdown in the semi market (referring to microprocessors,PLDs and ASICs) was effecting them. After wiping the look of disbelief off his face, CEO Bailey politely informed him the general semi market had nothing to do with his business. There is no fundamental reason for the stock to be sliding - must be general misinformation and tech market jitters. Looks like a good buying opportunity for long term investors. Short term - who knows with this market. Bulldozer