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

Rating:
Neutral PMCS
up 74.50 %

Pmc - Sierra, Inc. (PMCS) downgraded to Neutral with price target $9 by Global Crown Capital

Posted on: Friday,  Apr 24, 2009  8:25 AM ET by Global Crown Capital

Global Crown Capital rated Neutral Pmc - Sierra, Inc. (NASDAQ: PMCS) on 04/24/2009. Previously Global Crown Capital rated Overweight Pmc - Sierra, Inc. (NASDAQ:
PMCS) on 10/20/2008., when the stock price was $4.59. Since then, Pmc - Sierra, Inc. has gained 74.51% as of 04/24/2009's recent price of $8.01.
If you would have followed the previous Global Crown Capital's recommendation on PMCS, you would have gained 74.5% of your investment in 186 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.

Equity Research at Global Crown Capital ("GCC") is serious business. Research is central to our value proposition and our team of analysts epitomizes a core GCC principle: conduct business in a straight-forward and trustworthy fashion and always compete to add more value to clients. Each of our research analysts is an industry veteran. They are astute in their fields of expertise, forward-thinking, business savvy and proud of their industry networks. Their objective analysis, willingness to take contrarian points of view, professional skepticism and experienced interpretation of evidence commands the respect of some of the world's leading institutional portfolio managers. Our analysts have been distinguished by leading industry publications for their stock-picking ability. The Equity Research team understands that the prime directive is to help clients succeed. Listening and understanding clients' unique needs has led to a reliable practice of offering timely, concise and actionable recommendations. The research is tailored to meet multiple time horizons, addressing both short- and long-term investing needs. Underlying all of this is a fine-tuned tone of predictable consistency and responsiveness upon which clients depend. Fundamental research is complemented by highly unique and proprietary third-party technical analysis, designed to help optimize entry and exit points. Self-correcting, predictive analytics, based on 30 years of modeling experience has proven to be another important differentiator in the service we provide our clients.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/24/2009 8:25 AM Hold
None
8.01 9.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  64.81 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/20/2008 11:25 AM Buy
None
4.59 7.50
7/31/2008 10:25 AM Hold
None
7.35 9.30

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