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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
April 15, 2004
Date of Report (Date of earliest event reported)
PMC-SIERRA, INC.
(Exact name of Registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-19084 94-2925073
(Commission File) (IRS Employer Identification Number)
3975 Freedom Circle
Santa Clara, CA 95054
(Address of Principal Executive Offices)
(408) 239-8000
(Registrant's telephone number, including area code)
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ITEM 7. Financial Statements and Exhibits
(c) Exhibits.
99.1 Press release, dated April 15, 2004, reporting financial
results of PMC-Sierra, Inc. (the "Registrant") for its
fiscal first quarter ended March 28, 2004 (furnished and
not filed herewith solely pursuant to Item 12).
ITEM 12. Results of Operations and Financial Condition
On April 15, 2004, the Registrant issued a press release reporting the
financial results for its fiscal first quarter ended March 28, 2004. The press
release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
The information in this Form 8-K and the Exhibit, attached hereto,
shall not be deemed to be "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to
the liabilities of that section, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, regardless of any general incorporation language in such filing.
As a supplement to the Registrant's consolidated financial statements
presented on a generally accepted accounting principles (GAAP) basis, the
Registrant provides additional non-GAAP measures for income (loss) from
operations, net income (loss) and net income (loss) per share in its press
release.
A non-GAAP financial measure is a numerical measure of a company's
performance, financial position, or cash flows that either excludes or includes
amounts that are not normally excluded or included in the most directly
comparable measure calculated and presented in accordance with GAAP. The
Registrant believes that the additional non-GAAP measures are useful to
investors for the performance of financial analysis. Management uses these
measures internally to evaluate its in-period operating performance and the
measures are used for planning and forecasting of the Registrant's future
periods. However, non-GAAP measures are not in accordance with, nor are they a
substitute for, GAAP measures. Other companies may use different non-GAAP
measures and presentation of results.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PMC-SIERRA, INC.
(Registrant)
Date: April 15, 2004 By: /s/ Alan F. Krock
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Alan F. Krock
Vice President, Finance
Chief Financial Officer and
Principal Accounting Officer
EXHIBIT INDEX
Exhibit
Number Description
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99.1 Press release, dated April 15, 2004, reporting financial results of
PMC-Sierra, Inc. for its fiscal first quarter ended March 28,2004.