Broadcom (BRCM) Message Board

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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: FR1 who wrote (4123)	8/6/2000 8:56:46 PM
From: Raymond Duray	Read Replies (1) of 6531

Hi Franz, Re: It doesn't seem to compute. Where did they get their $300 price target from? Thin air? You seem to be of the opinion that rationality and mathematical calculation has something to do with price estimates these days. Get over it. The way I read this M/L piece is that they are using the wink-wink nod-nod method to let their client base know that they expect something like 25% annual appreciation on the stock. I really don't see how you can put any finer an edge on this knive, given the inherent volitility of BRCM. If you really want to know Merrill's opinion, the way it is done today is that you must compare the investment advice from the current report with that of former reports. The way that you know if a stock is one to dump or hold is to see the revisions in expectations for revenues and profits. The analysts are loathe to rate a stock as low as market perform, and anything below that is a complete rarity. So in this age when the analysts don't want to offend the reported upon companies for fear of retribution from the underwriting side of the house, the best they can do to alert the astute investor is to jiggle the numbers ever so subltly. Ray.

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