PMCS Earnings:

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Norbert:

PMCS Earnings:

 
18.07.02 22:20
PMC-Sierra Reports Second Quarter 2002 Results

SANTA CLARA, Calif., Jul 18, 2002 (BUSINESS WIRE) -- PMC-Sierra, Inc. (Nasdaq:PMCS) today reported net revenues of $54.5 million and a net loss per share of $0.07 for the second quarter of 2002.
Networking revenue increased 15% to $53.9 million from $46.9 million in the first quarter of 2002. Non-networking revenue decreased to $0.6 million from $4.6 million in the prior quarter as the product in this revenue segment is reaching the end of its life. Pro forma net loss in the second quarter of 2002 was $11.4 million ($0.07 per share) compared to a pro forma net loss of $15.1 million ($0.09 per share) in the first quarter of 2002.

"PMC-Sierra's revenue improved in the second quarter as we experienced growth in all areas of our networking business, including access, metro optical, enterprise and MIPS-based processors," said Bob Bailey, chairman and chief executive officer of PMC-Sierra. "We continue to benefit from growth in newer products as equipment with higher PMC-Sierra silicon content starts to enter trials."

Under generally accepted accounting principles (GAAP), the loss in the second quarter of 2002 was $11.6 million ($0.07 per share) compared to a loss of $13.7 million ($0.08 per share) in the first quarter of 2002. The GAAP loss in the second quarter of 2002 includes the amortization of deferred stock compensation of $0.8 million and a gain on sale of other investments of $0.6 million. Net revenues for the first six months of 2002 were $106.0 million compared to $214.0 million for the same period last year. Year-to-date GAAP loss per share was $0.15 versus $1.77 for the six months ended July 1, 2001.

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Dr. Jeeper's-P.:

etwas positiver als erwartet

 
18.07.02 22:44
mit recht guten Aussichten:

Santa Clara, California-based PMC-Sierra said it had a loss before one-time items of $11.4 million, or 7 cents a share, compared with a year-ago loss before one-time items of $13.4 million, or 8 cents a share. Revenue fell to $54.5 million from $94.1 million.

Analysts had forecast PMC-Sierra to post a loss of 8 cents a share, within a range of a loss of 7 cents to 8 cents, on revenue of $54.9 million, according to tracking firm Thomson First Call.

When the company reported first-quarter results, its chief financial officer, John Sullivan, said that investors could expect strong sequential growth off a modest base of revenues, adding that it could turn a profit when revenue returns to about $80 million a quarter.
Norbert:

PMCS

 
18.07.02 22:46
Thx to Dr. Jeeper
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