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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST
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To: DJBEINO who wrote (8916)11/9/2000 6:30:52 AM
From: DJBEINO   of 9582
 
Broadcom Comfortable with Analysts' Estimates for Fourth Quarter
IRVINE, Calif.--(BUSINESS WIRE)--November 9, 2000--Broadcom Corporation (Nasdaq:BRCM - news) today commented on investment analysts' estimates for its fourth fiscal quarter, ending December 31, 2000. Dr. Henry T. Nicholas III, President and CEO of Broadcom, stated: ``We are very comfortable with analysts' estimates for the current quarter of a sequential quarter-to-quarter percentage revenue growth rate in the mid-teens (which would represent a revenue increase of more than 125% over the fourth quarter of 1999) and of pro forma diluted earnings per share consistent with the estimate of a majority of the analysts of $.31. Our business in broadband communications and enterprise networking chips continues to be strong, and nothing has occurred to reduce our confidence since our third quarter earnings conference call.''

Broadcom made the statement in light of the extraordinary market reaction this week in the wake of concerns expressed by some analysts regarding potential reduced demand in the current quarter for certain communications chips. The company said that it has not changed its general policy not to comment on analysts' estimates.

biz.yahoo.com
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