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To: Danny who wrote (101614)4/18/2000 11:47:00 PM
From: GST  Read Replies (2) | Respond to of 164684
 
Danny: I am thrilled to see the futures up -- and a little surprised. I made a bet on ATML today and worried as INTC etc. sold off after earnings. I must say, if the market does ok tomorrow it will be hard not to place bets on it going down again soon. Not that we will go down real far, but this is not likely to be a sustainable move IMO for the time being. Good luck.



To: Danny who wrote (101614)4/19/2000 1:24:00 AM
From: H James Morris  Respond to of 164684
 
Danny thanks,
I forgot about Brcm.
>this dead-cat bouncing in NASDAQ starts to have the
possibility of becoming a real rally
Not, if the Federal Reserve gets their way.
>

IRVINE, Calif., April 18 (Reuters) - Broadcom Inc., the largest maker of semiconductors used for Internet access via cable-TV lines, on Tuesday reported quarterly earnings that topped analysts' forecasts as sales rose 91 percent.

Broadcom <BRCM.O> said that for the fiscal first quarter ended March 31, net income including acquisition-related charges rose to $41.8 million, or 17 cents a share, from the year-ago's $15.7 million, or 7 cents. Sales rose to $191.3 million from $100 million. Excluding one-time charges, Broadcom earned 18 cents a share.

Analysts had forecast the Irvine, Calif.-based company would earn 16 cents a share excluding the one-time items, according to First Call/Thomson Financial.

Broadcom, which counts Motorola Inc., 3Com Corp., Cisco Systems Inc. and others as customers, is selling more of its chips, which are used in 80 percent of all cable modems and digital TV set-top boxes, amid the rapid growth of the Internet.