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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Patriarch who wrote (517)	12/31/1998 7:35:00 PM
From: Bobby	Read Replies (1) of 6531

Pat, Thx for your response. I am also a buy and hold kinda guy but when I buy a stock I like it to go up on good news and go down on bad news. That way I know if I should sell if the story has changed fundamentally. This stock is highly unpredictable and when it goes down you are left wondering if you are missing something or its just the day traders unloading. I am on board but I am forced to watch it more than I want. There was no apparent reason for yesterday's move and I think the AT-TCI news didn't fully justify the increase today. The merger itself has been expected to happen - the question was whether the FCC will butt in and force T to open the cable infrastructure. Since the latter will not really affect broadcom's prospects, the merger news should not have been such a big thing. (intraday high of 127!!) The SEC filings are very informative and although some insiders have been selling, the fact that the management has inserted some form of a takeover poison pill shows that they are very confident of the future prospects of the company and don't want to be bought out at a small premium.

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