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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Bretsky who wrote (1462)	4/28/1999 11:15:00 PM
From: Robert Schwartz	Read Replies (1) of 6531

You tell 'em Bretsky - I'm with you! I also believe that BRCM is undervalued given its torrid growth rate and bright future (a point Black-Scholes and I disagree on). However, it would not surprise me to see all of the techs pull-back 20-30% in the near term due to the normal "summer slowdown" that seems to occur every May through August (especially now that most earnings announcements are out of the way - Cisco yet to come). However, I'm seeing 99 in '99! I can't see selling for a while, even with a mild correction. I believe that shares bought today will be rewarded handsomely by the end of this year (hopefully sooner)! It seems as though BRCM is clearly recognized as the market leader, with competitors just hoping to stay 5 or 6 steps behind and no further.

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