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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (13176)	11/9/2000 7:43:08 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

BRCM--BRCM reassures investors --6:40 am - By Tomi Kilgore In light of the recent "extraordinary market reaction" to concerns of reduced demand for communications chips, Broadcom (BRCM: news, msgs) Chief Executive, Dr. Henry Nicholas III, said he was "very comfortable" with current estimates for year-over-year revenue growth of 125 percent, and with the consensus earnings per share estimate of 31 cents. "Our business in broadband communications and enterprise networking chips continues to be strong, and nothing has occurred to reduce our confidence since our third quarter earnings conference call," Nicholas added. On Wednesday, the stock closed down $24.69, or 14 percent, at $151.81. Since the end of last week, the shares have fallen $70.57, or 32 percent.