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


To: Dealer who wrote (19719)11/27/2000 10:12:00 AM
From: Dealer  Read Replies (3) | Respond to of 65232
 
BRCM--SSB cuts BRCM target
--10:03 am - By Tomi Kilgore
Broadcom (BRCM: news, msgs) is sliding $13.56, or 12 percent, to $103.63. Analyst Clark Westmont at Salomon Smith Barney cut his price target on the share of the broadband company to $200 from $300. Among reasons given for his decision were signs of flattening orders in Broadcom's supply chain, inventory concerns in the digital cable sector and valuation "compression" in the communications integrated circuits sector. However, Westmont believes these concerns are already built into the stock, and reiterated his "buy" rating.