PMC-Sierra Reports Q2 Revenue of $60.4 Million

PMC-Sierra reported Q2 revenue of $60.4 million compared to $55.4 million in the first quarter of 2003 and $54.5 million in the same period one year ago. GAAP net loss in Q2 was $9.2 million (GAAP net loss per share of $0.05), compared to a GAAP net loss of $11.5 million in Q1 2003 (GAAP net loss per share of $0.07). PMC-Sierra said sales activity in the service provider sector during Q2 improved modestly in both Asia and North America. The company will continue investing in next-generation metro transport, MIPS-based microprocessors, and storage systems related products.
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