Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 35.75

+3.6%

Nov 24 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Engel who wrote (53828)	4/17/1998 8:51:00 PM
From: Paul Engel	Read Replies (6) of 186894

Intel Investors - Today, Intel began to REAP the Benefits of its aggressive investment strategy. Broadcom (BRKM) went public with an IPO today and closed at $53 5/8 after being as high as $70. The offering price was about $24, up from $12 (estimated earlier). This has TWO things to do with Intel - First, Intel purchased a minority interest in Broadcom last year (or earlier). I'm not sure what that investment was but I'd guess that it is about 2% - just my guess. Broadcom has 43.2 million outstanding shares, so 2% would give Intel about 864,000 shares worth (at today's closing price of $53 5/8) $46.3 million. Again, this is my own estimate and may be slightly off. This is an example of what is in store with Intel's INVESTMENT PORTFOLIO! The second relevant point is the RECEPTION investors gave Broadcom - a manufacturer of integrated circuits used in Cable Modems and potentially Set Top boxes. If this business does start to grow (and we all hope it does), Cable Modem access to the Internet will become more pervasive helping to to increase the bandwidth for Internet access. Again, this will be PLUS for Intel as the fast CPUS will not be throttled by slow inter-computer communications speeds. I'm not aware of analysts factoring in Intel's technology portfolio into any future valuations of Intel. However, if Intel hits a few more Jack Pots like Broadcom - with long term growth potential - Intel may turn into a Mini Berkshire Hathaway (sort of a holding company for W. Buffett and investors) of the High Tech sector. Paul

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next