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NEWS

Friday March 3, 12:47 pm Eastern Time
Company Press Release
SOURCE: Wall Street Transcript
The Wall Street Transcript publishes Outlook for Semiconductors Report in Robertson Stephens Tech 2000 Special Issue
NEW YORK, March 3 /PRNewswire/ -- 21 leading analysts and 33 Technology CEOs examine the Technology sector in the latest issue of The Wall Street Transcript (212-952-7433) or http://www.twst.com/info60.htm.

In a crucial review of this sector for investors and industry professionals, this valuable 174-page Special Issue features:

1) Outlook for Semiconductors -- In an in-depth Analyst Interview (2,500 words) Arun Veerappan, Vice President and Senior Analyst with Robertson Stephens, examines the semiconductor sector, supply/demand, communications semiconductor companies, the analog sector and shares his stock recommendations.

Veerappan explains ``capacity, which has been in excess supply for two years or so, has started to come into balance and even, in certain instances, to become tight as we exited 1999. So on that front, we are certainly in good standing as far as semiconductor suppliers are concerned. That`s the first point. The second point is that I think demand has been very robust, especially in the communications arena, which is where I put most of my energy and focus. So the combination of robust demand and tightening capacity has really been a boon for semiconductor stocks.``

Veerappan says, ``I look at the top 10 market cap semiconductor companies in the entire globe and, increasingly, you`re starting to see communications semiconductor companies get into that group. The other band that I measure is how many $10 billion market cap semiconductor device companies exist. And if you notice, all the new entrants have been communications companies, Broadcom (Nasdaq: BRCM - news) and PMC-Sierra (Nasdaq: PMCS - news), most notably. So I think that`s a very telling point. I think communications is where the growth is.``

Veerappan says, ``There`s a company that I cover called PMC-Sierra that I rate as a Strong Buy. They sell squarely into the core of the network. They have the best customer relationships in the industry. Their top customers are Cisco, Lucent and Nortel -- probably the best combination that one could hope for. Perhaps more significant is that 50% of their revenue comes from products that were introduced before 1995, 90% of their revenue comes from products that were introduced in 1997 and before. So the products that they introduced in the last two years have still not hit the revenue stream, and when they do it`s going to be big. This is a company that I would say squarely fits the core of the network investment thesis that I have outlined.``

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PMC-Sierra, Inc. Announces Acquisition of Extreme Packet Devices, Inc.; Acquisition Extends PMC-Sierra`s Traffic Management Capabilities for OC-48 and OC-192 Multi-Service Switches

BURNABY, British Columbia, Mar 3, 2000 (BUSINESS WIRE) -- PMC-Sierra, Inc.
(Nasdaq: PMCS) today announced the acquisition of privately held fabless
semiconductor company Extreme Packet Devices, Inc., (EPD), for shares with a
value of approximately $415 million (US$).

The company has over 60 employees located in Kanata, Ontario. The transaction,
subject to completion, will be accounted for as a pooling of interests.


Quality of Service for Internet Traffic

The continued increase of traffic over the Internet and the demand for higher
speed access has created a requirement for Quality of Service (QoS) guarantees
for both Internet Protocol (IP) and ATM networks. Extreme Packet Devices
specializes in semiconductors for high speed IP and ATM traffic management at 10
Gigabits per second rates, enabling the development of OC-48 and OC-192
multi-service switches.

The EPD team offers the extensive systems level expertise required to develop
complex chip set solutions for multi-service switches and routers.

A rich traffic management capability allows system vendors to provide
differentiated services on high capacity platforms delivering integrated delay
sensitive traffic, such as voice and video, and demand traffic such as data.
EPD`s traffic management chip set enables the next generation line cards for
terabit switches to meet speed, capacity and price targets at the leading edge
of the market window.

"The addition of Extreme Packet Device`s expertise is a very complementary fit
to our broadband communications semiconductor family," said Bob Bailey,
PMC-Sierra`s president and CEO. "Today`s competitive communications market
demands a highly integrated architecture of silicon solutions for high speed
multi-service equipment. EPD`s ability to develop IP and ATM traffic management
solutions at higher rates will further extend PMC-Sierra`s extensive line of
high speed, highly integrated chip set solutions for mixed traffic at all
rates," Bailey concluded.

[Zockerbiene]

Hy E_Trader,

das war mal ein Klasse Tip von Dir !!

im Moment 29 1/2 (14.68%) Plus

DANKE DANKE DANKE

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Leute die Party geht weiter ...

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freundlichst E_Trader