Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: marvin smith who wrote (1955)	7/17/1998 3:28:00 PM
From: Scott Kessler	Respond to of 3818

Bought some shares this morning at what I believe to be a good price. The earnings report info seems to be solid. Yes -- PMCS only met estimates and momentum holders are selling (and probably buying the big-cap tech high-fliers that are going gangbusters, see, EMC, CSCO and SUNW, but PMCS is actually a good high-tech value play right now. It is a well-managed company, investing in its future (see R&D spending) and its fy 1999 p/e is BELOW its annual 5-year expected growth rate. PMCS is a superb way to benefit from the continued high-demand for telecom products. At $40 a share, it's one of the best high-quality values in the high-tech/telecom space -- Scott.