PMC-Sierra (PMCS) announced a revenue shortfall today. They had guided to $124M and now indicate $116M is more likely. They specifically highlight telecom component demand issues in Asia.
My qualitative information on wireline telecom component demand in China indicates things are going smoothly. It’s possible that PMC’s issues are with GE-PON demand. It’s possible my qualitative info is wrong- Xilinx lowered guidance based on Asian demand and they are a good bellwether.
So, to answer all of you that have asked, I do not know what is going on. At least not yet.
I do not hold any positions with PMC Sierra