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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (1936)	6/18/1999 3:54:00 PM
From: Brian1970	Read Replies (1) \| Respond to of 6531

News release mentioning broadcom today. I think it's some sort of hype for a conference, but it mentions brcm in a positive light, so I thought I'd include it. Friday June 18, 1:47 pm Eastern Time Company Press Release Analysts Boucher Of DLJ, O'Neil Of Needham To Keynote Informed Investors Semiconductor Stocks Forum July 10 PALO ALTO, Calif.--(BUSINESS WIRE)--June 18, 1999--After a downturn of almost three years, are semiconductor chip and equipment manufacturers primed for the next wave of growth/profitability? Do the stocks -- already well above their 52-week lows -- have more room to run? For insight into the latest developments in the semiconductor industry, plan on attending the Fourth Annual Informed Investors Silicon Valley Semiconductor Stocks Forum Saturday morning July 10, 1999 at Hyatt Rickey's in Palo Alto. Charles Boucher, Semiconductor Analyst at Donaldson Lufkin Jenrette, and Theodore O'Neil, Semiconductor Analyst at Needham & Co., will discuss trends and issues driving the industry and what companies are likely to benefit. In a recent interview on Informed Investors Forum's weekly radio show, Boucher said the semiconductor industry is a year into a recovery that should last another 2-3 years. ''The components business, backlog growth, equipment strength'' indicate the business is on a major upturn, according to Boucher. Asked whether stocks have topped out, Boucher said, ''We think there is a lot of room left,'' adding current prices have not even begun to discount the possible growth in profitablity attainable from here to 2001. Industry growth will be fueled by strength in several sectors, particularly communications and broadband networking, taking advantage of the popularity and buildout of the Internet, Boucher said. ''Companies that are pure play beneficiaries are PMC Sierra (Nasdaq:PMCS - news), Broadcom (Nasdaq:BRCM - news), MMC Networks (Nasdaq:MMCN - news), Conexant (Nasdaq:CNXT - news), TriQuint Semiconductor (Nasdaq:TQNT - news), and Vitesse (Nasdaq:VTSS - news),'' he said. Boucher's three top picks currently are: Micron Technology (Nyse:MU - news) -- ''the DRAM market is near a turning point''; National Semiconductor (Nyse:NSM - news) - ''a nice turnaround story, having sold off two divisions and leaving behind a very attractive business''; and Galileo Technology (Nasdaq:GALT - news) - ''a pure play on high-speed network switching equipment.'' In addition to the analysts, senior management from up to eight semiconductor companies will give presentations to investors. The companies will be announced later. The Forum will run from 8:30 a.m.-1:30 p.m. Cost is $25 prepaid, $40 at the door. For details and updates, go to www.informedinvestors.com or call 800-992-4683. Since 1993, Sacramento-based Informed Investors Forum has featured scores of quality companies and industry experts at its Forums.