PMC-Sierra Boosts its Q2 2004 Business Outlook

PMC-Sierra boosted its financial outlook for the June 2004 quarter. The company’s revenues in the second quarter of 2004 are expected to be at, or exceed, the high-end of its previous financial guidance. The revenue outlook provided at that time was $83 million to $85 million in revenues for the second quarter of 2004, or 5% to 8% sequential growth. Based on current business activity levels, PMC-Sierra now expects revenue to increase to approximately $85 million to $86.5 million, or 8% to 10% sequentially, in the quarter ending June 27, 2004. http://www.pmc-sierra.com