Featured in The Wall Street Transcript’s Best CEO Interviews of 2015
PMC-Sierra Inc (PMCS) CEO Gregory S. Lang and CFO Steven J. Geiser interviewed with TWST this year, and since the interview was published the stock has increased in price approximately 37%, from $8.56 to $11.71.
In this interview, they discussed the growth strategy for PMCS:
Number one and number two are actually in the storage part of our business, which is where we see the emergence of Big Data. All of this growing data traffic is driving the demand for more and more density at the large data-center customers. So our first strategy is really to help them build more storage density into their data centers. The benefits of more density is that it takes less space to put things in racks, it takes less power, and it takes less cost if we can help them make their data centers denser and denser. That’s strategy number one.
The second strategy that we have is to be a key catalyst in enabling the performance tier of storage networking. What I mean by that relates to what I mentioned earlier about the demand for flash drives or SSDs. There’s a whole new level of performance capability above and beyond the older hard-drive technology. Hard drives have been around for a long time for sure, and they have a lot of capacity, but they are really the slowest things in the systems. They are mechanical devices, and there is only a certain speed they can go.
They continued describing the future plans for PMCS:
With the flash-based SSD, however, we are seeing the I/O performance improving in some cases by a couple orders of magnitude — and in some cases, a thousand times better performance than the comparable density hard drives. So it’s a very, very big disruption in terms of just how fast we can process things in systems, and how fast we can do calculations and make decisions. It’s really causing people to rethink how they deploy storage in both businesses as well as in the big cloud data centers. That’s the second major area.
The third major area is really helping the carriers in our business be able to deploy metro networks in 100-gig OTN switching in a way that allows them to keep up with all the traffic growth. Finally, the last part is reinventing how the radios are designed for base stations, thus helping our customers deliver more radios faster into mobile networks. Those are our four main vectors and approaches to driving our growth as we help businesses capitalize on these disruptive technology trends by delivering unique solutions for those marketplaces.
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