-----------------------------------------------
UNITED STATES
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)
July 21, 2000
PMC-Sierra, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-19084 94-2925073
---------------------- ---------------------- -------------------------------
State of incorporation Commission File Number IRS Employer Identification No.
250-900 East Hamilton Avenue
Campbell, CA 95008
(address of principal executive offices)
Company's telephone number, including area code: (408) 626-2000
-----------------------------------------------
<PAGE>
Item 2. Acquisition or Disposition of Assets
On July 21, 2000, PMC-Sierra, Inc. completed the acquisition of Datum
Telegraphic, Inc. in accordance with the Acquisition Agreement (the "Merger
Agreement") dated June 26, 2000 between PMC and Datum.
Datum is a privately held wireless semiconductor company located in Vancouver,
Canada. Datum makes power linearization digital signal processors for the
wireless communications market.
PMC purchased the 92% interest of Datum that PMC did not already own for
approximately 591,000 shares of PMC common stock and options to purchase PMC
common stock, plus $17,000,000 (in cash).
PMC will account for the merger as a purchase. PMC expects to record a one-time
charge to earnings during the third quarter of fiscal 2000 due to the
acquisition of technology that has not reached technological feasibility and
that has no alternative future use. The amount of the charge has not yet been
determined.
Item 7. Financial Statements and Exhibits
(a) Financial statements of business acquired.
The financial information required by this item will be filed by amendment
within 60 days of August 6, 2000.
(b) Pro forma financial information
The financial information required by this item will be filed by amendment
within 60 days of August 6, 2000.
Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant
has duly caused this report to be signed on its behalf by the undersigned duly
authorized person.
Date: August 25, 2000
PMC-SIERRA, INC.
/s/ John W. Sullivan
----------------------------------
John W. Sullivan
Vice-President, Finance and
Principal Accounting Officer
