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

To: Billy Joe who wrote (1839)	6/22/1998 9:06:00 PM
From: Bala Vasireddi	Read Replies (1) \| Respond to of 3818

techweb.com On the fast-growing ATM front, PMC-Sierra Inc., Vancouver, British Columbia, continues to dominate the market for physical-layer devices. The company sought to cement that position in May, with its $55 million purchase of Integrated Telecom Technology Inc., a Gaithersburg, Md.-based fabless maker of ATM-switching chipsets. The deal brought PMC a complementary product line, said Steve Perna, PMC's vice president of marketing and business development. "They had excellent traffic-management and switching technology, which complements our layer 1 and layer 2 technologies." ATM is gaining rapid acceptance in network backbones, edge switches, and particularly in WAN Internet data switching. Dataquest predicts the dedicated ATM-IC market will grow from $387 million in 1997 to $960 million by 2001. Despite that potential, PMC is actively broadening its offerings to other areas such as frame-relay and Gigabit Ethernet devices. "ATM is still our largest business, but we're seeing tremendous growth in frame relay and in our LAN Ethernet and packet-switching businesses," Perna said.