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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Lizzie Tudor who wrote (6302)8/19/2002 2:39:01 PM
From: Larry Livingston  Read Replies (2) of 6531
 
Wi-fi may be on a growth curve but it's unlikely to create an earnings stream to justify the current price. BRCM has no monopoly and competition will become more aggressive. And it's bit late in the game for stocks to move on hype. Wi-fi may be a great technology but there won't be huge margins. 802.11 is an open standard is not proprietary.
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