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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

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Feb 9 4:00 PM EST

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To: A. Robbins who wrote (3863)	5/2/2000 1:49:00 AM
From: Brian1970	Read Replies (1) of 6531

my favorite parts of the news release! Tuesday May 2, 12:02 am Eastern Time BRCM, the leading maker of semiconductors used in high-speed Internet access devices, on Tuesday said it was entering the white-hot market for optical networking with a new low-cost chip. The move marks Broadcom's advance into the only part of the market for high-speed, multimedia broadband communications that the company has not yet entered -- optical networking. Broadcom's arrival in the fast-growing optical networking field should have a ``very material impact'' on the company, Chief Executive Henry Nicholas told Reuters in an interview. ``This is the most significant announcement we have made since the company went public,'' Nicholas said. The chip will allow networking equipment makers to design and build networks using the well-known Ethernet networking protocol that are 10 times faster than those available today. ``We've developed a breakthrough technology that substantially lowers the cost,'' Nicholas said. ``This is huge,'' Nicholas said.

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