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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Didi who wrote (5007)	12/21/2000 4:14:43 PM
From: Didi	Read Replies (1) of 6531

From CNET... cnetinvestor.com >>>WR Hambrecht & Co. Comment on ALTR, BRCM, RNWK and XLNX 12/21/00 7:41:00 AM Source: WR Hambrecht & Co. Broadcom Corp. NASDAQ: BRCM Rating: BUY (We anticipate the stock will outperform its peer group over the next 12 months.) Sector: eNetwork Technologies Price Target: $200 BRCM: Lowering Numbers Based on Increasing Risk Jim Liang lowers March 2001 quarter and FY2001 estimates for Broadcom and maintains Buy rating. We are lowering our numbers for the March 2001 quarter and for year 2001, based on what we see as increasing risk to our previous estimates. We believe that the inventory correction in the communications chip space is beginning to unfold, as evidenced by the pre-announcement from Conexant, which indicated that its Internet infrastructure chip business will be sequentially down in the December quarter as a result of inventory corrections at several network equipment customers. Maintain Buy Rating. <<<

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