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


To: James Overko who wrote (4195)8/30/2000 8:01:51 PM
From: FR1  Read Replies (3) | Respond to of 6531
 
I appreciate that you are short BRCM and have little to say that means anything but please don't waste my time unless you really have significant detailed information to report.

Just to show you how easy it is to see things the opposite of your postings, consider this:

1) Intel made a thoroughly researched and comprehensive lawsuit against BRCM in March.

2) Nothing unbelieveable has happened in 5 months to cause a completely new lawsuit.

3) The court appointed someone to watch BRCM and make sure they did not infringe on any Intel patents back in march.

4) The court appointed person is not complaining.

5) Most Wall Street people are yawning at the whole mess. They report it will have little siginifant effect.

You can scare a lot of people out of a stock with Chicken-Little alarms but they usually don't work.

Look at ORCL. A few weeks ago they scared SEBL stock price down 30 points with all kinds of saber rattling. It just made a big buying opportunity for sober minded fund managers.

The opposite of your view is this:
(BRCM down 30+ points on emotion) + (fund managers don't feel it is major) = (BRCM strong buying opportunity and rebound)



To: James Overko who wrote (4195)8/31/2000 7:29:19 AM
From: hospitalman  Respond to of 6531
 
PE always has been, always will be, high. Insider selling is occurring at a normal rate for a company structured as brcm is. Patent lawsuits get settled--brcm won't win on every count nor will they lose. In the meantime, revenue and profit growth will continue at astronomical rates and any substantial dip in price represents great opportunity. You are dreaming if you're looking for 160. If brcm sees 160 I will sell everything else I own and load up.
Ken