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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Rex Dwyer who started this subject	1/24/2001 7:38:32 PM
From: Didi	Read Replies (2) of 6531

S&P upgrades Broadcom Corp. to 4 STARS (accumulate)... businessweek.com Broker Reports--CNET: cnetinvestor.com ------------------------------------------------------------------------------------------------------------- >>>JANUARY 24, 2001 STOCK PICKS & PANS • From S&P Highflyer Broadcom Can Still Soar Despite valuations, S&P upgrades shares of the broadband chipmaker. Broadcom Corp. (BRCM ): Upgrade to 4 STARS (accumulate) from 3 STARS (hold) Analyst: Thomas Smith The company posted Q4 EPS 0.32 (pro forma) vs. $0.13, a penny above the Street estimates. Revenues were up 132%, 18% from Q3. The report was positive by the chipmaker serving broadband communications markets. Home and office markets for high-speed digital data transmission is still a high-growth area as other chip markets are stalling. A string of acquisitions helped create advantage for BRCM, enabling the company to offer a more complete set of products. Although Broadcom's shares are pushing the 100 times forward P/E barrier, S&P sees this highflier moving up in the near term. The stock is suitable for accumulation by aggressive growth investors. <<<

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