PMC-Sierra 1Q08 Update

Revenues for Q1 2008 were $125 million, which was up by just a percentile q-o-q. Net Loss during the period was $22 million which increased from the past quarter’s $5 million.

During the quarter the company saw strong demand for the FTTH in the communications segment. Other areas that showed growth included enterprise storage and laser printer products. Regionally Asia remained the main business hub for the quarter for PMC-Sierra.

PMC-Sierra also announced partnership with IBM for RAID technology for the development of 6 GBPS next generation enterprise server and storage systems. It also introduced 10G EPON reference designs for Optical Line Terminals (OLTs) and Optical Network Units (ONTs).