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: Kashish King who wrote (201)	4/23/1998 1:23:00 PM
From: JP	Read Replies (1) of 6531

Considering their growth rate, the stock should be conservatively priced at $76. Keep in mind all that Broadcom mainly serves the networking market which is notoriously slow in Q1. Also important to note that there is a 30 day quite period following an IPO but thereafter, expect to see glowing reports being issued by H&Q and other top analyst firms. I know for a fact that many H&Q staffers are buying the stock right here. The only reason it's down today is because of the very justified Internet correction going on as of this morning. BRCM, being a recent 'high-flyer', is being sucked down with them hence a true buying opportunity has presented itself (if their earnings announcement came out on Monday, the stock would be on it's way to $70 today). Once the market discerns between the real companies of substance and those that are not, you can expect BRCM to continue it's ascent. The name of the tech game is all about Bandwith now (soon to be joined by JAVA & Thin Clients) - not PC's, Operating Systems and Microporocessors. JP

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