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

To: Paul Viapiano who wrote (4722)	11/27/2000 10:30:19 AM
From: Didi	Respond to of 6531

Paul-re: Reprint of Broadcom CEO's 4Q earnings assurance... zdii.com >>>November 9, 2000 8:37am Broadcom comfortable with 4Q estimates By Tiffany Kary ZDII Broadcom Corp. (Nasdaq:BRCM) reassured investors Thursday that it will meet analysts' estimates for its fourth fiscal quarter, ending Dec. 31. Shares in the communications chip maker have been plunging since Cisco (Nasdaq: CSCO) reported earnings; the chip-maker's statements about inventory levels spurred a ripple of analyst actions and falling communications chip stocks. Broadcom was hit hardest since it gets 17 percent of revenue from Cisco. The company said today's release was in light of the "extraordinary market reaction this week." Analysts have also expressed concern that Broadcom shares are richly valued. Broadcom CEO Dr. Henry T. Nicholas III stated the company is comfortable with analysts' estimates for sequential quarter-to-quarter percentage revenue growth rate in the mid-teens (which would represent a revenue increase of more than 125 percent over the fourth quarter of 1999) and of pro forma diluted earnings of 31 cents a share.<<<

To: Paul Viapiano who wrote (4722)	11/27/2000 10:35:47 AM
From: rocklobster	Read Replies (1) \| Respond to of 6531

Where can these analysts upgrades and downgrades be found....I did a news search this morning of BRCM and didnt come up with that downgrade. so i decided to dip a toe in figuring it was safe....third time ive had my toe bittin off with BRCM...cant seem to do anything right trading this stock....of course I keep going long...so maybe I should be shorting it give that it is in a wicked downtrend.. Where did you access that downgrade info....thanks.. rok

To: Paul Viapiano who wrote (4722)	11/27/2000 11:00:55 AM
From: waverider	Read Replies (3) \| Respond to of 6531

Well, so much for waiting to see if the $110 price target holds. It will now be interesting to see if my suggested $75 support holds. I would think so, but markets do have a tendency to overshoot. Rick