Maybe this will help get over the hump
WR Hambrecht + Co Initiates Coverage of Broadcom (BRCM) With a Buy Rating and Target of $295
Firm Leads as Semiconductor Supplier for Multiple Broadband Access Markets
SAN FRANCISCO, March 22 /PRNewswire/ -- The following is being issued by WR Hambrecht + Co, a member of the National Association of Securities Dealers, CRD number 45040:
WR Hambrecht + Co today initiated research coverage on Broadcom (Nasdaq: BRCM - news) with a buy rating and a price target of $295. WR Hambrecht + Co's eNetwork Technologies analyst Jim Liang cited Broadcom's dominant market position and aggressive acquisition strategy as key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.
``We believe shares of Broadcom are an ideal choice for investors looking to participate in the expected long-term growth of broadband communications. The Company's design and integration technology strength, along with its aggressive acquisition strategy, generates significant barriers to entry, and could allow the Company to continue to distance itself from the competitors,' Liang said.
Liang projects Broadcom's total revenues could reach $830.5 million in 2000 and $1.2 billion in 2001, up from the 1999 total of $518.2 million.
Broadcom Corporation develops highly integrated silicon solutions that enable broadband digital data transmission to the home and within the business enterprise. The Company's products enable the high-speed transmission of data over existing communications infrastructures.
About WR Hambrecht + Co
WR Hambrecht + Co (www.wrhambrecht.com) is an online investment bank founded by Silicon Valley pioneer Bill Hambrecht. WRH+Co is leveraging technology to bring transparency to capital formation and securities exchange. The firm focuses on investing for its own account and providing underwriting and advisory services for technology and emerging growth companies. WRH+Co serves institutional and retail clients with global equity research, sales and trading, as well as electronic brokerage and online private equity syndication. WR Hambrecht + Co has offices in San Francisco, New York, Boston and Philadelphia and is backed by industry leaders including: American Century, epartners, Fidelity Ventures, Instinet Corporation and Novell.
SOURCE: WR Hambrecht + Co
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