Rochester, NY 7/9/2009 12:20:08 AM
Afternoon Report- PMCS - PMC-Sierra Inc. - Together, almost nine years ago now, we watched the beginning of a downturn that cut the S&P 500 in half and dropped the Nasdaq nearly 80% off its highs. It was a maddening time for investors. Telecom an ...
PMC-Sierra Inc., PMCS
Afternoon Report- PMCS - PMC-Sierra Inc. - Together, almost nine years ago now, we watched the beginning of a downturn that cut the S&P 500 in half and dropped the Nasdaq nearly 80% off its highs. It was a maddening time for investors. Telecom and energy executives were caught with their hands in the corporate cookie jar. Technology shares plummeted, with hundreds of companies vanishing from sight.- Sourced - WhisperFromWallStreet.com
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PMC-Sierra Inc., PMCS
7.28 Down 0.06 (0.82%) 1:06PM ET
Just how painful was it? Ask Nobel Prize-winning psychologist Daniel Kahneman, who proved that humans are innately loss-averse, particularly when it comes to money. Emotionally, losses hurt us far more than gains give us pleasure. Naturally, then, those massive declines crippled tens of thousands of investors, many of whom will never throw the one-two punch of savings and investment again.Unfortunately, we're seeing the same trend today. We had corporate malfeasance at some of our country's most respected financial institutions, and now stocks have dropped and investors are swearing off the market. It doesn't have to be that way.
ABOUT
PMC-Sierra, Inc. engages in the design, development, marketing, and support of semiconductor solutions for the enterprise networking, wide area network infrastructure, and access network markets. Its products include controllers based on Fibre Channel, Serial Attached SCSI, and Serial ATA, which enable technologies for building network-attached storage system architectures; framers and mappers, which convert the data into a format for transmission in the network before the data is sent to the next destination; line interface units that transmit and receive signals over a physical medium, such as wire, cable, or fiber; and packet and cell processors that examine the contents of cells or packets, and perform various management and reporting functions.
Last Trade: 7.24
Day's Range: 7.20 - 7.53
52wk Range: 2.82 - 9.95
Volume: 1,931,238
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