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: neverenough who wrote (5645)	3/7/2001 11:25:03 AM
From: Paul Viapiano	Read Replies (1) of 6531

Nice trade with a reasonable stop there...good luck! Seems all the bad news is out, except the possibility of restatement of earlier revenues...if that happens BRCM will see another hit no doubt. In many of the Nasdaq stocks, the same bad news has been discounted several times during this long slow drip. No one is going to argue forward PE right now with the future being so cloudy, but that is exactly why stock prices are in the dumper. But cap ex is not going to go away forever in the FO, semi and other telecom areas. The infrastrucure that was being put in place is not finished by a long shot and this will need to be addressed. Just-in-time ordering and the efficiency of ordering systems used by the "new" economy companies are showing that a slowdown comes on quicker than it ever has. The rebound will be the same...one day we'll wake up and wonder, why is tech so in favor again? Pollyana-ish? Maybe, but when the fog is this thick you need to look ahead. In the meantime, not trading, just sitting tight...and letting the bottom call itself.

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