My bad GRC.
PCM (.wav) in Adobe is uncompressed audio. PCM stands for Pulse Code Modulation.
http://en.wikipedia.org/wiki/Pulse-code_modulation
Many of us on here say PCM, as technically a .wav file can be an MP2 or MP3 file (If you have for instance, the Q-Design MPEG Codec). If you are familiar with video compression, think of .wav as .mkv (a container). For instance, in video, .mkv can contain h.264 video, but it is a file container that allows additional metadata to be injected.
So, if you see us say PCM, you can guarantee we are speaking of totally uncompressed audio, as compressed PCM was labeled ADPCM... And, truth be told, we should really say LPCM, but that term has pretty much been replaced by simple use of PCM.
Here is a read on .wav.
http://en.wikipedia.org/wiki/Wav
I should add that you will see some other PCM versions in lower bit resolutions. When we say PCM, assume 44.1, 16 bit, uncompressed (LPCM).
You would be amazed at the audio related information on wikipedia. I would suggest searching anything you don't fully understand. I bet you find some answers... Happy reading