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Strategies & Market Trends : Love shack

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To: Grandk who started this subject	11/27/2000 10:36:38 AM
From: Grandk	of 322

More proof that analysts are crooks, and people are sheep. BRCM--SSB cuts BRCM target --10:03 am - By Tomi Kilgore Broadcom (BRCM: news, msgs) is sliding $13.56, or 12 percent, to $103.63. Analyst Clark Westmont at Salomon Smith Barney cut his price target on the share of the broadband company to $200 from $300. Among reasons given for his decision were signs of flattening orders in Broadcom's supply chain, inventory concerns in the digital cable sector and valuation "compression" in the communications integrated circuits sector. However, Westmont believes these concerns are already built into the stock, and reiterated his "buy" rating. That's a 15 BILLION dollar downgrade, but what's a few billion anyway?

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