Archive for July 20th, 2007
PMC-Sierra Q207 Conference Call Notes
Here’s a quick snapshot of the PMC-Sierra (PMCS) FQ207 conference call.
- Revenue up slightly based on the strength of storage and FTTH chips
- Headcount down from 1182 to 1057 with a corresponding reduction in opex.
- “Market Conditions Improving”, with Video being cited as the big driver I still would like to see someone somewhere step up to the plate and quantify this effect. Without data this is another “internet traffic doubling every 9 months” type of proclamation
PMC-Sierra Adjusts Channel Accounting
In a trend I expect to snowball, PMC-Sierra (PMCS) announced they will begin using sell-through accounting as opposed to sell-in accounting with distributors. This is a trend which traces it’s origins back to the accounting issues at Vitesse Semiconductor (VTSS.PK). (see “The Trickle Down Economics of Channel Stuffing“)
