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QED Merges With PMC-Sierra.(Company Business and Marketing)(Brief Article)

InsideChips.Ventures

| August 01, 2000 | COPYRIGHT 2000 HTE Research, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

PMC-Sierra has recently acquired Quantum Effect Devices. Based on the closing price on July 11, PMC-Sierra shares, with a value of approximately $2.3 billion, will be issued to QEDI stockholders at an exchange ratio of 0.3 85 PMCS shares per QEDI share.

The Quantum Effect Devices team ...

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