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

To: Trader Dave who wrote (2370)	3/4/1999 5:53:00 AM
From: Drake	Read Replies (1) \| Respond to of 3818

TD, the difference is that last year almost no one knew about PMCS, their business model, who they supplied and what their customers think of them (this is changing with each day that goes by). Also, the Internet, its future, broadband, bandwidth, etc. are now the "talk of the town". Further, computers are now selling, albeit seasonally slower, to the older generation and even to the uneducated -- I know several people who fit this description and have just recently purchased very expensive ones. Additionally, I don't believe interest rates are headed higher to the degree that it is going to substantially damage the bull market we have been in. The above are just some of the reasons we won't see a 24x earnings for PMCS this year, imo (unless something drastically changes). Dc