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 (204)	4/24/1998 12:09:00 AM
From: JP	Read Replies (3) of 6531

Stocks of technology companies are valued according to the current & future demand of their technology, competitive landscape and growth rates. They are not valued according to their book values. Every tech investor would be much better off buying an index mutual fund rather than listening to "people like you". BRCM grew over 600% since the equivalent quarter of last year and 104% since LAST quarter (earnings at over 200% of last quarters). Based on significantly scaling down the above numbers, I'd say expectations of a 100% ANNUAL growth rate is conservative. I'd be careful of implying that management fudged the numbers to deceive shareholders. You belong on the Utility companies boards. This stock is cheap. JP

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