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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

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Feb 9 4:00 PM EST

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To: Stoctrash who wrote (5710)	3/13/2001 1:42:18 AM
From: Bernard Levy	Read Replies (2) of 6531

The next shoe is dropping really fast! Today's Globes has another article written by Hadass Geyfman entitled ``Toss out some numbers, give out gratuities, inflate sales'' on BRCM's acquisition of VisionTech at: globes.col.il (english edition) It turns out that in addition to giving out stock options to potential customers, Visiontech was also encouraged to give options to phantom employees who have not and never will set foot at Visiontech. Here is how the scam works: VisionTech allocates some of its options exercisable for pennies (since VisionTech is not public) to some BRCM employees. BRCM acquires VisionTech, the options become worth lots of money overnight. I think Lerach and friends will have fun with this fraud case. Looks like the teens are approaching fast.

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