Market Gems-Trading Strong Earnings Growth and Momentum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: greenehugh who wrote (5971)	3/7/2001 9:22:15 AM
From: 2MAR$	of 6445

RESEARCH ALERT-Goldman downgrades Broadcom NEW YORK, March 7 (Reuters) - Goldman Sachs on Wednesday said it cut the rating and earnings outlook for Broadcom Corp. <BRCM.O>, a day after the communications chipmaker cut its 2001 guidance, amid a slowdown in customer orders because of the sluggish economy. Analyst Nathaniel Cohn cut his rating for the Irvine, Calif., company to market performer from market outperformer. He also sliced his 2001 earnings estimate to 45 cents from $1.25 a share. Broadcom, whose integrated circuits are used in over 90 percent of cable modems and digital set-top boxes, on Tuesday sharply cut revenue and earnings estimates for the first quarter. Shares closed at $47-7/8 on Tuesday on Nasdaq, near the low end of the 52-week range of $40-3/4 to $274-3/4. ((--Jackie Sindrich New York Newsdesk 212 859 1700--)) REUTERS * end of story *

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next