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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Drake who wrote (5038)12/23/2000 11:56:44 AM
From: Stoctrash  Read Replies (3) of 6531
 
<<projected next year earnings are $1.40 (67 PE>>

I'm using TTM, not Projected...thats how. I believe they won't earn that and those estimates will come down in a major way early next year. The slide in the stock price is telling you that 1.40 has phat chance of happening, you know like a snowball in hell<GG>. You're assuming they'll earn X, I'm assuming they earn Y. One of us is wrong or mabye even both of us as they may fall somwhere's in the middle. Lower margins, slower growth, competition, and share dillution from their foolish purchases w/boat loads of stock are all parts of my reasoning.

Let's say they earn 1.15 next year(after anals trim the numbers) * PE of 50 (a somewhat reasonable PE if the rate if growth continues) = shares valued $57.5, again...right near my $55 target.
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