BROADCOM (BRCM) - upcoming IPO Message Board

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Technology Stocks : BROADCOM (BRCM) - upcoming IPO

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Rex Dwyer who wrote (19)	4/7/1998 1:46:00 PM
From: Ed Moss	Read Replies (1) of 39

I don't know about 100%, but you're right, my earlier post feels low now. I think its the underwriter's intention to price it about 15% under the expected open. This obviously doesn't always work out. They have to walk a line between getting the most they can for the company and making it attractive to investors. I agree with you, however, it seems interest is heating up. I still think it'll price over-range, could be as high as 14. A 50% pop on that would give us an open of 20-21. For the moment, that seems pretty reasonable. As for what happens on the open market, who knows. Of course I hope I'm totally wrong and this is another RAMBUS. My broker is still promising me a small allotment. We shall see. I'll post anything else I hear. Needless to say, the above is purely my cynical .02. Hehe. Should be an E ticket ride.....Good Luck to everyone! Ed

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