Broadcom (BRCM) Message Board

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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Stoctrash who wrote (5405)	2/8/2001 2:16:03 PM
From: Venkie	Read Replies (2) of 6531

brcm sure likes hugging that 80 dollar mark...hoping that that will be a basing mark. Strong buy..300 target still..hell 150/200 would be a gold nest. NEW YORK (Reuters) - UBS Warburg said analyst David Wong cut his outlook for 2001 profits per share for communications chip maker Broadcom Corp. (NasdaqNM:BRCM - news) on Thursday. In a report, he cut his forecast for profits per share to $1.40 from $1.57 this year. Broadcom said after markets closed on Wednesday that its sales growth was falling short of its forecasts. ``We continue to believe that Broadcom is among the strongest and broadest companies in the communications chip group, and is well positioned for incremental growth in a number of markets such as optical fiber transmission, xDSL, home networking, and others,'' Wong said. He kept his strong buy rating and $300 price target on the stock. The shares were off $2-3/4 at $80-1/16 in early Nasdaq

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