PMC-Sierra

A person familiar with the matter said PMC-Sierra should consider actions such as a sale or deal with another chip company as a consolidation move.

Relational Investors Discloses 7.2% Stake in PMC-Sierra Shara Tibken 2012

Relational Investors disclosed a 7.2% stake in PMC-Sierra Inc., saying the company's stock is undervalued and that company officials may have to consider a deal.

Relational Investors Discloses 7.2% Stake in PMC-Sierra Shara Tibken 2012

PMC-Sierra wasn't immediately available for comment.

Relational Investors Discloses 7.2% Stake in PMC-Sierra Shara Tibken 2012

Semiconductor maker PMC-Sierra slid 47 cents, or 6.1%, to 7.32, after reducing its third-quarter revenue outlook.

Pinnacle Financial Bottoms; Skechers Trips 2010

Helping drive gains for small-cap technology names was PMC-Sierra, which rose $1.14, or 18%, to $7.51 after the circuit and software developer posted adjusted first-quarter earnings that were better than Wall Street estimates, as well as higher revenue.

PMC-Sierra Helps Techs; 2008

Circuit and software designer PMC-Sierra added 73 cents, or 8.1%, to $9.75 on Nasdaq on a narrowed third-quarter loss.

Nasdaq Plunges 2.7% in Broad Selloff 2007

UBS Investment Research upgraded shares of PMC-Sierra to "buy" from "neutral," citing stronger expectations from the semiconductor firm's telecom and storage customers.

PMC-Sierra's Prospects Look Brighter 2006

"We believe 4Gb Fibre Channel and SAS adoption cycles are picking up momentum," the analyst said, "and although our checks at IDF did reveal insights into direct bookings opportunities for PMC-Sierra, we believe the company is well positioned to capitalize on new product momentum in this space."

PMC-Sierra's Prospects Look Brighter 2006

The analyst said PMC-Sierra is "particularly well-positioned" in metro optical transport and access.

PMC-Sierra's Prospects Look Brighter 2006

The information technology sector took the biggest hit out of the S&P groups in December, so it's no surprise that the month's losers list sports its share of tech outfits: PMC-Sierra, LSI Logic and Apple Computer all posted double-digit losses.

S&P 500 December Winners & Losers Godwin Maidment 2006