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

To: Nick who wrote (4620)	11/16/2000 5:46:45 PM
From: Keith A Walker	Read Replies (2) \| Respond to of 6531

I think Osha is a pretty smart guy, but, his call on this inventory thing does seem suspect. Wasn't it just last week that BRCM's PR came out with a brief announcement that earnings are on track. As far as large inventories of chips are concerned, I see it is a short-lived phenomenon, since even Cisco said that they had built up some inventory to cover spikes in demand and not get caught short. The Gateway/Broadcom/Transmeta announcement just seems like the tip-of-the-iceberg. I have to believe that Dell will follow and Apple and IBM and, etc, etc. The real strength of a company like BRCM is in their employees and management leadership. They have unmatched intangible assets; like the creative juices of their development community that is the envy of Silicon Valley. Duplicating their talent is impossible in light of a REAL shortage of engineering talent in the broadband field. The stock may have been a bit ahead of itself, but it was only about 10 months ago that Osha had a STRONG BUY and a 12-month $300 target. Right Joe? Did his price target change? Can't seem to find that information. Cheers, Keith