NEW Market Gems - Swing and Day Trades Message Board

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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades

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To: Jenna who started this subject	6/6/2001 7:10:37 PM
From: Frederick Langford	of 1227

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. ....we indicated that we were conducting a thorough review of all of our business units with the intent of making reductions in some areas and increasing the level of strategic investment in others. We are beginning to implement these plans during the current quarter. This will result in business unit re-alignment, net staffing reductions, facility consolidations, and other actions that will result in an associated charge to be taken during the second quarter..... Fred

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