PRC
prc[ noun ]
a communist nation that covers a vast territory in eastern Asia; the most populous country in the world
<noun.location>
- "PRC could be a tough sell," says a defense analyst who won't be quoted by name; his firm wants to take part in Black & Decker's offering.
- The GeneAmp PRC process was developed by Cetus, and allows gene sequences to be replicated millions of times.
- He offered Mr. Parrish $1 million, more than the $700,000 base the PRC advised paying but much less than an All-Star catcher would have commanded before.
- So, Black & Decker will offer investors 100% of PRC, at about $21 apiece for 16 million shares.
- But analysts say the price, about 16.3 times PRC's reported profit, looks steep for a company that has languished with flat sales and earnings since 1989, when the Cold War waned and the Berlin Wall came down.
- PRC Realty and Detroit-based Realtron provide similar services.
- But Emhart in past years paid about $360 million for companies that became PRC.
- If the PRC (People's Republic of China) accepts this Soviet proposal, the Soviet Union will call directly on Norodom Sihanouk.
- And it must be especially galling to Beijing that two of the four renegade nations are from sub-Saharan Africa, a region with which the PRC claims a special bond.