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

Rating:
Buy PMCS
down 24.73 %

Forbes: Gurus' Six Best Tech Stocks For 2010

Posted on: Thursday,  Feb 4, 2010  7:15 PM ET by Forbes: Gurus' Six Best Tech Stocks For 2010

Forbes: Gurus' Six Best Tech Stocks For 2010 rated Buy Pmc - Sierra, Inc. (NASDAQ: PMCS) on 01/12/2010, when the stock price
was $8.41. Since then, Pmc - Sierra, Inc. has lost 24.73% as of 01/08/2016's recent price of $6.33.
If you would have followed this Forbes: Gurus' Six Best Tech Stocks For 2010's recommendation on PMCS, you would have lost 24.73% of your investment in 2187 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.

As a group, technology stocks rode a wave of momentum going into 2010. The recovering economy and corporate profits are encouraging investors to reevaluate earlier dim prospects for top-line growth. Instead of expecting less, analysts on Wall Street are more often than not ratcheting up their estimates for profits and sales at tech companies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/12/2010 4:00 PM Buy
None
8.41
as of 12/31/2010
1 Week up  2.35 %
1 Month up  19.86 %
3 Months up  18.07 %
1 YTD up  3.32 %

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