PMC-Sierra (PMCS) +2.7% premarket after its board raises the amount of stock authorized for...

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

PMC-Sierra (PMCS) +2.7% premarket after its board raises the amount of stock authorized for repurchases to $315M, comprising a new buyback program for up to $275M in common stock on top of an existing $40M authorization. (PR)