Like some other chipmakers, PMC-Sierra (PMCS +0.7%) isn't showing any ill effects from...

|About: PMC - Sierra, Inc. (PMCS)|By:, SA News Editor

Like some other chipmakers, PMC-Sierra (PMCS +0.7%) isn't showing any ill effects from delivering a soft earnings report (I, II). Even Q1 guidance (provided during PMC's earnings call) for revenue of $130M-$136M, well below a $156M consensus, isn't enough to trigger a selloff. Likely helping is a healthy book-to-bill ratio of 1.2. However, Auriga (Hold) is still worried about the impact of slowing telecom capex.