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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: neverenough who wrote (798)2/9/1999 12:52:00 AM
From: Doughboy  Read Replies (3) of 6531
 
Two pieces of news today that contributed to the fall in BRCM, IMO:

1. MediaOne announced that it is going to launch digital set-top boxes in Y2000 using Philips as their primary supplier. This breaks the hold on the digital set-top market that General Instruments and Scientific Atlanta have on the digital set-top market, for whom BRCM supplies chips. Does anyone know whether BRCM supplies chips to Philips? Who does?

2. Nicholas and Samueli register 200,000 shares for sale--their first sales since the lockup expired. Not a lot of shares in the grand scheme of things, I know, but a slightly bearish sign.

Doughboy.
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