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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Mary Beth Ford who wrote (344)	8/13/1998 10:36:00 PM
From: Patriarch	of 6531

Found it, it was Morgan Stanley: RESEARCH ALERT-Morgan Stanley ups Broadcom August 6, 1998 08:49 AM NEW YORK, Aug 6 (Reuters) - Morgan Stanley said analyst Mark Edelstone upgraded Broadcom Corp. BRCM to outperform from neutral. -- Shares rose 2-7/8, or 5 percent, to 60-1/2 in early trading on Thursday. The stock was one of the top gainers on the Nasdaq. -- Edelstone set a 12-month price target of $75 a share and said although the company has high valuations, he believes Broadcom's markets are expanding more rapidly than anticipated. ((Wall Street Desk +1 212 859 1881)) REUTERS BTW, it was nice to see BRCM with a gain amongst this sea of woe. Regards, Pat

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