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Chip firm PMC-Sierra Inc. (Nasdaq: PMCS) has its eyes on an acquisition, and most observers think the target could be one of the bigger names in storage.
Officials aren't exactly being coy about it. "[PMC] has identified a semiconductor business that is consistent with its business strategy, and, if acquired, could significantly increase the registrants consolidated assets and revenue," the company stated in an SEC document filed Oct. 20.
The statement goes on to say that PMC is "in advanced discussions" with the target company but hasn't settled on any terms yet.
On the same day as the filing, PMC launched a debt offering worth $225 million, adding to its cash stash of $376 million, apparently in preparation for the acquisition. (See PMC Prices $225M Offering.)
All signs point to a deal being imminent. "We believe the company could make an announcement in the next few weeks," writes analyst Ram Ganesh of Deutsche Bank AG in a recent report.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
Age is only a number. Don't let a high number cancel your career.
