RE: Did anybody have a chance to read this? The Philadelphia Semiconductor Index (SOX) traded up to new highs last week, and though it was down slightly on Friday, it still had a fairly strong session. A report issued by Banc of America
Securities on Friday documented comments made by two of their senior semiconductor analysts at the Securities Technology Conference held last week. One of the analysts, Alex Guana, was quoted as saying, "Given the pure communications focus of
the broadband semiconductor companies on our coverage universe, and the vast work remaining to be done in enriching and extending the power of the Internet, we believe magnificent 1999 results can readily be surpassed in 2000," Guana went on
to specifically name PMCS as being one of the four leaders in the semiconductor arena. Banc of America Securities has PMCS rated at a Strong Buy.