Rochester, NY 8/5/2009 12:55:08 PM
After Hours - PMC-Sierra, Inc. PMCS, PMC-Sierra to Announced Second Quarter Report
PMC-Sierra, Inc.
PMC-Sierra, Inc., one of the leading Internet infrastructure semiconductor solution provider, reported results for the market update of the second quarter ended June 28, 2009.
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“In the second quarter of 2009, we benefited from a solid ramp in our new 6Gb/s SAS RAID-on-Chip device at H-P and improved demand in our Fiber-To-The-Home business,” said Greg Lang, president and chief executive officer of PMC-Sierra. “Continued cost control allowed us to achieve the same level of non-GAAP net income as in the second quarter of 2008 but on revenue that was 12% below the peak level last year.”
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