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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Stoctrash who wrote (5891)4/29/2001 1:43:21 PM
From: Rob S.  Read Replies (2) of 6531
 
Broadcom makes very useful parts but they are caught in a cyclical down turn and bursting of the Internet and telecomm bubble. Sales and earnings continue to trend downward and the price pressure stage of the business cycle has reached Broadcom. Broadcom parts are too expensive to fit many potential and previous markets. OEMs will put pressure on the company to bring the prices down, in some cases by 50% or more. This stage of price cutting will eventually lead to revived end user product markets and exciting new market opportunities for the company. But for the next 2-3 quarters there will be more downward pressure on the stock price as the former darling adjusts to a less friendly product market environment. Broadcom is expensive considering the current outlook and the outlook will deteriorate further. I look for BRCM to at least test the lows seen earlier this year if not set new 52 week lows by mid summer.
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