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PMC-Sierra (PMCS +8.5%) soared in late trading thanks to a report the telecom chipmaker recently...

PMC-Sierra (PMCS +8.5%) soared in late trading thanks to a report the telecom chipmaker recently held talks with potential buyers, though it's added a deal "is not considered imminent." PMC has been under pressure from activist firm Relational Investors to consider "strategic alternatives." Sources add rivals Broadcom (BRCM) and Marvell (MRVL) are "logical bidders" for PMC, though analysts think its exposure to legacy technologies such as SONET optical gear could be a problem.
Comments (1)
  • Wow!

     

    I didn't know they were still around. Going back to the dotcom bubble days this stock had a $236 high and now $7.36 - amazing!!!
    4 Apr 2012, 04:40 PM Reply Like
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