PMC-Sierra Inc. (PMCS)
Bank of America Merrill Lynch Technology Conference Transcript
May 08, 2012 6:30 PM ET
Greg Lang – Chief Executive Officer
… afternoon session. Delighted to have Greg Lang, CEO of PMC-Sierra joined us for a fireside session. Again, with most of the presentations as we have done this morning like to keep it as interactive as possible, so please feel free to jump in, ask questions.
With that, Greg would you like to just jump into Q&A? Are there any opening comments anything or should we just?
Yeah. Let’s go ahead and jump in the Q&A. We’ll cover in that.
Okay. Thanks. So, maybe at a very high level, what we have seen from the earnings season so far is, people calling Q1 sort of the bottom of the cycle, Q2 is expected to be up for most of the semiconductor players. But then visibility in the second half, right, sort of mix, right, for some players, they are just not feeling confident about giving any second half visibility. How do you see it from your perspective as you look at your end markets, you look at your customer engagements?
Yeah. I would say that some of those feelings and views of the outlook are very similar to our own. We clearly see Q1 as kind of the bottom of this particular cycle and what we view is kind of the correction after the over buying from the tsunami last year.