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Technology Stocks : Gorilla Game

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To: David A. Stern who wrote (151)	5/1/1998 10:58:00 AM
From: Elmer	Read Replies (1) of 387

David, Against my better judgement, I bought a few hundred shares of Broadcom this morning. It's expensive and it may get a lot cheaper. But after my post to you last night, I looked at the sequential (quarter to quarter) historical sales growth. BRCM has almost doubled its sales on a sequential basis in each of the last four quarters. That is the sales in the March quarter were about twice those in the December quarter and so on. By definition, that is a tornado. Armed with this information, I started looking for other IPOs that have had those kinds of sales growth rates with sales volumes at comparable levels. The only two I found were Netscape before it took off from $24 to $87 (adjusted for split) and CIEN before it tanked from $40 to $22. So buying this one may not work but if it does, the upside could be breathtaking. Regards Dave

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