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: Larry Livingston who wrote (6327)	8/21/2002 2:22:28 PM
From: Lizzie Tudor	Read Replies (1) of 6531

Larry, to reiterate I think you and I may be on the same page (now). I believe some here didn't realize just how much of this company the founders owned. A LOT. And (imo) when you are a small company this is a good thing- it means your VC can't push inept mgmt on you or force you to sell to Sun when you aren't ready (thats what happened to my last CEO)- but once you are public, this type of ownership is a deterrent to institutions and any potential executives coming on board- therefore, they should sell. But just because they have so much, I don't think scheduled selling means much about company prospects going forward. In fact imo they have held on to more than they should have. The real effect is that their ownership (now) has created an artificial lack of supply in the stock, maybe this is why brcm moves so well as a trader. So, for me I am going to play the swings but beware. Unlike others here that think insider selling is some kind of harbinger of future catastrophe, I believe brcm will survive and prosper but where the stock finally settles? dunno L

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