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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 (1916)	6/16/1999 5:01:00 PM
From: Keith A Walker	of 6531

What a nice day Brian! I also picked up Oct 10 calls on SIII today. SQIJB's @ 1-3/8s. I've been long the stock since $7 and think it has been long overdue for a rally into the teens. Turned out it got upgraded today too. The Fed will probably raise 25 basis points just to save face. Gotta show they are worth their salaries, although, inflation is basically a paper tiger. I think demographics are playing a big role in keeping a lid on inflation. The baby boomers have grown up and purchased enough toys, now, they need to save for their retirements and put their kids through college. Keeps a lid on consumer spending, plus with all the competition in the marketplace, nobody can afford to raise prices. BRCM looking pretty strong too. I'll wait through Friday before I make my next move there.

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