Adaptec 2007 Annual Report Download - page 8

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Table of Contents
PART I
Item 1. Business
OVERVIEW
PMC-Sierra, Inc. (PMC or the Company) designs, develops, markets and supports communications semiconductors, storage semiconductors and system-on-chips
primarily for the communications service provider, storage, and enterprise markets. We have approximately 350 different semiconductor devices that are sold to
leading equipment and design manufacturers, who in turn supply their equipment principally to communications network service providers and enterprises. We
provide superior semiconductor solutions for our customers by leveraging our intellectual property, design expertise and systems knowledge across a broad range
of applications and industry protocols.
PMC-Sierra was incorporated in the State of California in 1983 and reincorporated in the State of Delaware in 1997. Our Common Stock trades on the NASDAQ
Global Select Market under the symbol “PMCS”.
Our principal executive offices are located at 3975 Freedom Circle, Santa Clara, California 95054, and our phone number is (408) 239-8000. Our internet
webpage is located at www.pmc-sierra.com; however, the information in, or that can be accessed through, our webpage is not part of this report. Our annual
reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to such reports are available, free of charge, on our
webpage after we electronically file or furnish such material with the Securities and Exchange Commission, or SEC.
Our fiscal year normally ends on the last Sunday of the calendar year. Fiscal years 2007 and 2006 consisted of 52 weeks, and fiscal 2005 consisted of 53 weeks
and ended on Saturday, December 31. In this Annual Report on Form 10-K, “PMC-Sierra”, “PMC”, “the Company”, “us”, “our” or “we”, mean PMC-Sierra, Inc.
together with our subsidiary companies.
FORWARD-LOOKING STATEMENTS
This Annual Report and the portions of our Proxy Statement incorporated by reference into this Annual Report contain forward-looking statements that involve
risks and uncertainties. We use words such as “anticipates”, “believes”, “plans”, “expects”, “future”, “intends”, “may”, “should”, “estimates”, “predicts”,
“potential”, “continue”, “becoming”, “transitioning” and similar expressions to identify such forward-looking statements.
These forward-looking statements apply only as of the date of this Annual Report. We undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise. Our actual results could differ materially from those anticipated in these
forward-looking statements for many reasons, including the risks we face as described under “Factors That You Should Consider Before Investing in
PMC-Sierra” and elsewhere in this Annual Report and our other filings with the SEC. Investors are cautioned not to place undue reliance on these
forward-looking statements, which reflect management’s analysis only as of the date hereof. Such forward-looking statements include statements as to, among
others:
• business strategy;
• sales, marketing and distribution;
2
Source: PMC SIERRA INC, 10-K, February 22, 2008