PMC-Sierra downgraded to Neutral from Buy at Miller Tabak Miller Tabak downgraded PMC Sierra weakness in demand for components and a slower IT demand environment. Price target lowered to $7.50 from $9.
PMC-Sierra says selected by Lenovo for ThinkServer portfolio PMC-Sierra announced that Lenovo has selected PMC storage solutions for external connectivity across its ThinkServer portfolio. The Lenovo 8885E by PMC card delivers the "full throughput of 12Gb/s SAS and 6.6GB/s PCI Express 3.0 to maximize the performance of ThinkServer scale-out storage. The card will be offered on Lenovo rack and tower servers," the company said.