PMC-Sierra Reports Q1 Revenues of $55.4 million

PMC-Sierra reported Q1 revenues of $55.4 million compared to $52.6 million in Q4 2002 and $51.4 million in the same period one year ago. GAAP net loss in Q1 2003 was $11.5 million (GAAP net loss per share of $0.07). This compares with a GAAP net loss of $30.5 million in Q4 2002 (GAAP net loss per share of $0.18). The company said it improved its operating cost structure during the quarter and further diversified its product line with the addition of silicon solutions for storage systems.
http://www.pmc-sierra.com