PMC-Sierra, Inc. (PMC) designs, develops, markets and supports semiconductor solutions for the enterprise networking, wide area network infrastructure, and access network markets. The Company offers worldwide technical and sales support through a network of offices in North America, Europe and Asia. It has approximately 350 different semiconductor devices that are sold to equipment and design manufacturers, who in turn supply their equipment principally to service providers, carriers and enterprises globally. During the fiscal year ended December 28, 2008 (fiscal 2008), PMC’s revenues were derived approximately 50% from the access and wide area network markets, and 50% from the enterprise networking market.