Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of networking-chip designer PMC-Sierra
So what: PMC's fourth quarter beat analyst expectations any way you look at it, but the coming quarter looks weak with falling sales where the Street wanted a continued rise. Management motivated the cautious guidance with "current levels of demand" and order patterns.
Now what: Management says that the storage-chip segment should recover quickly as large new customers NetApp
Interested in more info on PMC-Sierra? Add it to your watchlist.