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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: dpeters who wrote (1244)4/11/1999 5:02:00 PM
From: Stoctrash  Read Replies (2) of 6531
 
Not my words...but the same scoop from a "professional Internet Analyst"
+++++++++++++++++++++++++++

Message 8697222
To: +steve harmon - analyst (882 )
From: +DlphcOracl Sunday, Apr 4 1999 4:30PM ET
Reply # of 1002

Steve:

Broadcom(BRCM) was one of your original picks for 1999 and was subsequently removed from your list of "Stocks to Watch for 1999". It has languished all year and, relative to other internet/internet-related stocks, has underperformed. What were your reasons for removing Broadcom from your list, why do you think the stock price has been stagnant, and what do you think its prospects going forward are? Thanks in advance for your response.

and Mr. Harmon's reply:
Message 8720021

To: +DlphcOracl (884 )
From: +steve harmon - analyst Monday, Apr 5 1999 8:59PM ET
Reply # of 1002

broadcom - my sense was that on a pure valuation basis it looked frothy to prospective acquirers

so i dropped brcm from the list

when intel acquired another network chip firm a month or so after i dropped brcm that proved true

does brcm have another exit? there's motorola, ibm, sony, cisco
++++++++++++++++++++++++

My additional thoughts:
Motorola - in house
IBM - not their game
Sony - maybe
CSCO - seems they only do 250M deals lately


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