Fred, as I mentioned in an earlier post, BRCM's integrated circuits are manufactured for high growth communications end markets and are not limited to any one area of high-speed transmissions.
BRCM produces chips for satellite communications, cable and DSL modems, high-speed networking, and set-top boxes. These targeted markets all have excellent growth rates. For example, CAGR projections through 2001 are as follows:
Direct satellite broadcast = 27%
xDSL = 89%
High-speed networking = 36% to 87%
Cable set-top boxes = 70%
Cable modems = 177%
BRCM should be a major provider, if not predominant, for each of these end markets; when coupled with the accelerated growth expected for each of these sectors, BRCM's earnings should do exceptionally well going forward, easily justifying its market capitalization, IMHO. |
