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Technology Stocks : Intel Corporation (INTC)

INTC 36.27

+0.3%

10:54 AM EST

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To: Road Walker who wrote (136838)	6/6/2001 7:10:01 PM
From: Tony Viola	Read Replies (1) of 186894

John, speaking of communications products, Broadcom is out with some rather bleak news: Broadcom (BRCM) 35.57 -1.99: -- Update -- Warning clearly doesn't come as a shock to market (Goldman Sachs and Weisel partners made cautious comments about the qtr on Monday); comm IC stocks not getting hit that hard as a result (changes vs 4 pm close): BRCM -1.2, PMCS -0.2, VTSS unch, AMCC -0.25. Broadcom (BRCM) 35.57 -1.99: Company warns for Q2; sees revenues falling 32-35% sequentially, or roughly a $207-216 mln range vs the current Multex consensus of $241 mln. CEO says that while demand remains soft; they are seeing some signs of stabilization in the business for the second half of the year. Conference call tomorrow morning at 8:45 ET. Tony

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