Now this stock will bury these funds. Somehow, I think some of these funds should have seen it coming, especially those in Silicon Valley who claim to have such firsthand insight. In the end, PMC-Sierra is simply a supplier of a product to an end market. The end market here is levered to telecom. PMC-Sierra can't trump its end market.
Nobody trumps the end market.
And they didn't even hear his footsteps. Because they have their whole lives ahead of them to make back the losses some of these firms are going to generate. In such cases, appropriate disclosure is made. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Read our conflicts and disclosure policy .