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

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

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.