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: Stoctrash who wrote (5521)	2/27/2001 11:24:55 AM
From: Logain Ablar	of 6531

Hi Fred: Yes visibility is now clearer to $35 (remember I thought $55 would hold). The move to $55 area now opens it up. Also note with todays WSJ article its only a matter of time before the company is investigated by the SEC. It could take a couple of months before we hear about it though. In reading the article the CFO defended the practice as agressive marketing. While I agree with the CFO the agressive marketing is OK that doesn't mean agressive accounting is OK. If you look @ the QLGC acquisition of ANCR you'll notice QLGC does lower their sales # each quarter related to the SUNW warrants acquired to use the ANCR switch. I'm not saying BRCM won't be allowed to use this practice (after a few months of investigation by the SEC of course & the auditors are now sweating it out since they are open to the subsequent lawsuits too if this practice is in violation of FASB standards) but the odds don't seem to favor it. Good luck. Tim

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