Dallas, Texas 10/11/2013 (Financialstrend) – On October 7 PMC-Sierra Inc (NASDAQ:PMCS) and nphi Corporation (NYSE:IPHI) created a big media splash and generated interest among the technology stock followers with their joint announcement. The press release centred on IPHI demoing interoperability between its flag ship IC “Tri-Rate™ PHY/SerDes Gearbox” with PMC “DIGI 120G and META 120G” compatible Optical Transport Network. IPHI’s Tri Rate branded IC’s are second generation high speed semi conductors which works in an analog mode.
PMC seems to be working on a strategy of inducing more technology players into adopting their network platform. Mr Babak Samimi, who is the Vice President of marketing and applications in PMC’s Communications Business entity, commented that “Our successful interoperability with Inphi’s Tri-Rate Gearbox extends the growing ecosystem around our OTN devices”. PMCS is hoping to leverage the growing number of proven reference solutions to win over new customers who have a business need to leverage “100G CFP2 pluggable optical modules” in order to cope high port density while carrying data through the “Carrier Ethernet line cards.”
In the back drop of this announcement, the company share price has gone up 2.12% during trading hours on October 10. It ended the day at $6.51 per share which translates to a 8.8% decrease in comparison to its 52 week high valuations. It is trading 40% below its 52 week low pricing at current valuations. The stock of the company has been lolling in the red over the past 6 months. It had shed 3.5% in the last 180 days. In the back drop of slowing down sales in the previous quarter (7.2% dip on a quarter on quarter basis) the stock has posted a 2.9% loss in market value over the last 90 days. The semiconductor major has a market cap of $1.34 billion.