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


To: marvin smith who wrote (1928)7/17/1998 9:18:00 AM
From: Trader Dave  Respond to of 3818
 
I hope so since I want to get some friends involved in the name. Given the choice between beating estimates and a massive increase in R&D spending to lock in growth 1 to 2 years out, I'll take the investment.

PMCS has another round of great design wins, a leading indicator for sustained growth over the next 3 years. They're executing flawlessly. I would have liked to see a penny in upside, but I'm comfortable. Now it looks like we'll be holding pmcs for several years rather than trading the name.

TD



To: marvin smith who wrote (1928)7/17/1998 9:19:00 AM
From: ricky  Read Replies (1) | Respond to of 3818
 
45 1/4 on the ask. (eom)