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: waverider who wrote (4720)	11/27/2000 10:22:57 AM
From: Paul Viapiano	Read Replies (4) of 6531

I guess Salomon cut BRCM this morning...lowered target to 200 from 300... Broadcom (BRCM) 103 5/8 -13 1/2 (-11.5%): Maintains BUY rating but reduces price target from $300 to$200; firm sees signs of flattening orders in supply chain and has inventory concerns in the digital cable sector, and looks for overall valuation compression in the communications IC arena. However, suggests concerns are largely priced in and that any problems will be short lived.

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