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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (62253)	11/7/2000 6:58:29 PM
From: Tim Luke	Read Replies (1) \| Respond to of 122087

Shares of Broadcom, PMC-Sierra rebound in after-hours trading By: Sam Ames 11/7/00 3:30:00 PM Source: CNET Investor Shares of some chipmakers rose in post-market activity after experiencing a rough day. Broadcom rose $2.50 to $179 in after-hours trading. During the day, Broadcom fell $42.50, or 19 percent, to $176.50. Shares of fellow chipmaker PMC-Sierra also bounced up. PMC rose $1.87 to $129.75 in after-hours activity. In regular trading hours, the stock dropped $25.94, or nearly 17 percent, to $127.88. Quote Snapshot BRCM 176.50 -42.50 PMCS 127.88 -25.94 · Free Real-Time Quotes Enter symbol: · Symbol Lookup sponsored by More from CNET Investor Quotes on this page are from the time the story was published Trade Now with our broker sponsors Earnings news from Cisco Systems caused chip stocks to fall on suspicion that the company may buy fewer chips after inventory swelled in the fiscal first quarter. The network equipment maker reported first-quarter earnings that exceeded analyst expectations by 1 cent per share, as sales jumped 66 percent. Cisco also upped forecasts for its second quarter and 2001 fiscal year. But the tech giant also told investors that its inventory of raw materials, which includes chips, more than quadrupled to $631 million in the quarter ended Oct. 28 from $145 million in the fourth quarter. Cisco probably will look to reduce this buildup within the next two quarters, suggesting fewer orders will be placed with its semiconductor vendors, analysts said. Broadcom was downgraded Tuesday to "buy" from "strong buy" by WR Hambrecht. PMC-Sierra was left at "strong buy" by Banc of America Securities, but the company's 12-month price target was cut to $225 from $325. The top five most active stocks in Nasdaq after-hours trading today: Microsoft - 1.69 million shares, up 63 cents Mediaplex - 1.30 million shares, up 3 cents Oracle - 1.11 million shares, up 57 cents JDS Uniphase - 957,800 shares, down 10 cents