...Ask the BRCM permabulls,,,
...or read my last 10-20 posts here for why I think so.
To save you the time,,,here is the "short" version:
Competition from: PMCS, TXN, INTC, IBM, CXNT, TERN, and about 20 other network, dsl, cable, and STB chip makers has or will eat into BRCM's dominance of these markets, killing their margins, and stunting their revenue growth.
Management is still kick but...and that is hard to put a value on, but I am still worried that Dr. Henry will be side tracked with his venture to buy the Ducks and the Angels sports teams and not focus 110% on BRCM's chess moves. |
