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

To: Trader Dave who wrote (1926)	7/16/1998 9:02:00 PM
From: Billy Joe	Read Replies (2) \| Respond to of 3818

Baaaaaamm! We all lose. (So much for group-think) Back-of-the-enveloped .32-.33, bet .34, and got .29! I said before that if PMCS met expectations, it would test 36 resistance. I'll stick to that one, too. (-; Quick read of the sheet looks like margins are taking a bit of a bite. Increased rev by ~$6M, but also saw increased R&D (not in-process R&D) and SG&A type expenses that lopped off ~$3M of that gain. Is this increase from the IgT overhead? Does that balance the $1.3M in added IgT revs? The increased R&D and SG&A expenses in this Qtr could also be an attempt to front load the yr with expenses (sort of tying them to the noise associated with the IgT writeoff) and then taking earnings advantage later in the year. Dunno. Pure speculation, probably just IgT overhead? Cr*p! Mr. ATM (FORE) has a blow out qtr and Ascend does great with their ATM, and we get this! A bunch of July 40 put options in play should make for an interesting day tomorrow. Monday and Tuesday should be a gauge for action through the next qtr. Thoughts? BTW, consistent 17% qtr-qtr networking growth would give us 87% yearly networking growth....No time for crunching.... Won't be around to watch the fun tomorrow. Still hanging way long! Enjoy!