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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Brian Malloy who wrote (1067)	3/8/1999 5:49:00 PM
From: sam	of 6531

Broadcom Corp. (NASDAQ:BRCM - news) is up $7.63 or 14.2% to $61.38 on the news that it has been raised from neutral to outperform by Mark Edelstone, an analyst at Morgan Stanley Dean Witter. Broadcom, a leading broadband-communication chipmaker, will supply Northern Telecom (NYSE:NT - news) with a high-speed communications technology. Also, Broadcom said its high-speed technology will be incorporated into Nortel's VDSL broadband network, a product that allows for rapid transmission of voice, data and video over the telephone lines. 'They got one of the biggies, one of the big telecom-equipment suppliers that has jumped in and is supporting this technology, said Gregory Sheppard, an analyst at Dataquest, a unit of the Gartner Group. 'Broadcom has a reputation for getting in early with a technology and becoming the dominant supplier.' fnews.yahoo.com

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