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
Date of Report (Date of earliest event reported) April 15, 1998
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PMC-SIERRA, INC.
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(Exact name of registrant as specified in its charter)
Delaware 000-19084 94-2925073
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
105-8555 Baxter Place, Burnaby, BC, Canada V5A 4V7
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (604) 415-6000
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Not Applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On April 15, 1998, Registrant signed a definitive agreement to purchase
Integrated Telecom Technology, Inc. ("IgT"). IgT is a fabless semiconductor
company headquartered in Gaithersburg, Maryland with a development site in San
Jose, California. IgT makes Asynchronous Transfer Mode ("ATM") switching
chipsets for Wide-Area-Network applications as well as ATM
Segmentation-and-Reassembly and other telecommunication chips.
The agreement anticipates a purchase for $55 million with approximately
half of the consideration in cash and half in Registrant's stock and options.
The transaction requires approval by the stockholders of IgT and regulatory
clearance prior to closing.
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SIGNATURES
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.
Date: April 20, 1998 PMC-SIERRA, INC.
/s/ Robert L. Bailey
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Robert L. Bailey,
President and Chief Executive Officer
