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Enter Symbol:
Pmc - Sierra, Inc. (PMCS) [hlAlert]

up 6.03 %

Pmc - Sierra, Inc. (PMCS) rated Overweight with price target $9 by Lehman Brothers

Posted on: Friday,  Apr 18, 2008  8:25 AM ET by Lehman Brothers

Lehman Brothers rated Overweight Pmc - Sierra, Inc. (NASDAQ: PMCS) on 04/18/2008. Previously Lehman Brothers rated Overweight Pmc - Sierra, Inc. (NASDAQ: PMCS)
on 03/24/2008., when the stock price was $5.97. Since then, Pmc - Sierra, Inc. has gained 6.03% as of 01/08/2016's recent price of $6.33.
If you would have followed the previous Lehman Brothers's recommendation on PMCS, you would have gained 6.03% of your investment in 2846 days.

PMC-Sierra, Inc. (PMC) designs, develops, markets and supports semiconductor solutions for the enterprise networking, wide area network infrastructure, and access network markets. The Company offers worldwide technical and sales support through a network of offices in North America, Europe and Asia. It has approximately 350 different semiconductor devices that are sold to equipment and design manufacturers, who in turn supply their equipment principally to service providers, carriers and enterprises globally. During the fiscal year ended December 28, 2008 (fiscal 2008), PMC?s revenues were derived approximately 50% from the access and wide area network markets, and 50% from the enterprise networking market.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/18/2008 8:25 AM Buy
7.32 9.00
as of 12/24/2008
1 Week up  12.73 %
1 Month up  28.99 %
3 Months up  85.30 %
1 YTD up  71.19 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/24/2008 8:25 AM Buy
5.97 7.00
10/19/2007 9:25 AM Hold
9.75 10.00

(*) Stock Price at the time of the recommendation.
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