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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: waverider who wrote (4635)11/19/2000 3:22:59 PM
From: samim anbarcioglu  Read Replies (1) of 6531
 
Rick, I know you are trying to get in at a low price. That would be good of course. If you never see your desired buy price, you just don't buy the stock and that would be that. But i suggest that you don't get carried away with that thinking and take the next step and short this stock. I was looking around a little bit here are some comparisons:
PEG ratios:
QCOM: 3.70
BRCM: 1.29
NTAP: 1.84
EMC: 2.75
CSCO: 1.62

It's just that the growth rate of this company is extraordinary. They don't just meet their earnings target or beat it by a penny, they beat it with 20 - 30%. That's why the PE looks high toward the end of their quarter. But it's high only until the quarter's announcement when the earnings come in 20% higher than the upper end of the range. In contrast, we had a real earnings slump at QCOM last winter-spring-summer. There is no other reason for the fall of QCOM stock price. For a variety reasons, the earnings slumped. That's not the case here. There is no indication of an earnings slowdown at BRCM. As they say; 'it's the earnings stupid!'

$270 was probably a bit too high, but anything under 150 is a gift. Please do not take seriously those yahoos posting here, trying to scare the weak owners into selling, then may be the price will drop a few more $s, then may be margin calls will trigger causing a few more $s downwards etc etc. You know how it works. But all that stuff already took place for BRCM on the way down from 270. All of this is of course my humble opinion. Good luck to you.
best,
sam a
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