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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: capitalistbeatnik who wrote (711)1/27/1999 11:52:00 AM
From: neverenough  Read Replies (1) of 6531
 
From ISR,

Broadcom (NASDAQ:BRCM) beat estimates with $12.8 million net income or
26 cents per share vs. the First Call consensus of 18 cents for its fourth
quarter. Revenue hit $70 million vs. $17.3 million 4Q97. BRCM also set a
2-for-1 stock split.

We think the broadband chip maker could well become the most significant
chipmaker in the telco DSL and cable modem market just as the market
starts to take off this year and next. BRCM was one of our top 10 stocks
to watch for 1999 (see Archives, January 6).
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