PMC (Nasdaq:PMCS) is the semiconductor innovator transforming networks that connect, move and store big data. Building on a track record of technology leadership, the Company is driving innovation across storage, optical and mobile networks. PMC’s highly integrated solutions increase performance and enable next-generation services to accelerate the network transformation. For more information, visit www.pmcs.com. Follow PMC on Twitter, LinkedIn and RSS.
© Copyright PMC-Sierra, Inc. 2012. All rights reserved. PMC and PMC-SIERRA are registered trademarks of PMC-Sierra, Inc. in the United States and other countries. PMCS and Adaptec by PMC are trademarks of PMC-Sierra, Inc. Other product and company names mentioned herein may be trademarks of their respective owners. PMC is the corporate brand of PMC-Sierra, Inc.
|CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS|
|(in thousands, except for per share amounts)|
|Three Months Ended||Nine Months Ended|
|September 30,||July 1,||October 2,||September 30,||October 2,|
|Cost of revenues||38,990||41,253||52,640||121,255||164,464|
|Research and development||55,604||56,699||59,669||171,374||170,589|
|Selling, general and administrative||27,786||29,290||29,981||86,047||91,556|
|Amortization of purchased intangible assets||11,624||11,626||11,031||34,537||33,083|
|Impairment of goodwill and purchased intangible assets||276,082||-||-||276,082||-|
|(Loss) income from operations||(278,363||)||(1,106||)||19,978||(287,716||)||42,059|
|Other (expense) income:|
|Gain on liability for contingent consideration||-||-||29,376||-||29,376|
|Gain on investment securities and other||180||527||222||746||559|
|Amortization of debt issue costs||(50||)||(50||)||(50||)||(150||)||(150||)|
|Foreign exchange (loss) gain||(2,454||)||1,608||3,635||(1,951||)||1,538|
|Interest expense, net||(797||)||(563||)||(477||)||(1,539||)||(1,972||)|
|(Loss) income before recovery of (provision for) income taxes||(281,484||)||416||52,684||(290,610||)||71,410|
|Recovery of (provision for) income taxes||7,098||26,064||(5,428||)||(53,567||)||(15,076||)|
|Net (loss) income||$||(274,386||)||$||26,480||$||47,256||$||(344,177||)||$||56,334|
|Net (loss) income per common share - basic||$||(1.31||)||$||0.12||$||0.20||$||(1.56||)||$||0.24|
|Net (loss) income per common share - diluted||$||(1.31||)||$||0.12||$||0.20||$||(1.56||)||$||0.24|
|Shares used in per share calculation - basic||209,512||222,316||232,590||221,323||233,880|
|Shares used in per share calculation - diluted||209,512||224,560||233,647||221,323||236,236|
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV