Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

UBS Ups PMC-Sierra to Buy

UBS Financial upgraded PMC-Sierra (PMCS) to buy from neutral, citing revisions to telecom carrier capital expansion estimates.

Analyst Alex Guana raises his 38 cents 2006 earnings per share (EPS) estimate to 40 cents, his 53 cents 2007 EPS estimate to 60 cents, and his $11 stock price target to $15. His checks suggest conditions are "ripe" for PMC-Sierra to finally begin harvesting 40%+ of revenue it's been plowing into Research & Development in the past several years. As the company's top line re-accelerates, both from acquired technology and ramping product cycles, Guana thinks PMC-Sierra will again see its multiple expand to levels more in line with other networking leaders like Broadcom (BRCM) and Marvell Technology Group (MRVL).

blog comments powered by Disqus