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


To: Jack Hartmann who wrote (5360)2/2/2001 9:36:46 PM
From: Stoctrash  Read Replies (1) | Respond to of 6531
 
1) depends on where the stock price is and how many options for employees are in or out of the money, or so that's how I understand it. A firm on the street caught this tidbit but I don't remember who it was. Briefing.com may have it in archives.

2) it would mean they are inline with the consensus of the industry, right now they are saying they are immune to what others are experiencing.

3) Yes. pmcsierra.com

"Who are PMC-Sierra’s competitors?
Our competitors are major domestic and international semiconductor companies, many of which have substantially greater financial and other resources than we do.

Our competitors include Applied Micro Circuits Corporation, Broadcom, Conexant Systems, Cypress Semiconductor, Dallas Semiconductor, Galileo Technology, Integrated Device Technology, IBM, Infineon, Intel, Lucent Technologies, Motorola, MMC Networks, Texas Instruments, Transwitch and Vitesse Semiconductor.

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One more more thought about the options. All year they have been buying companies and using BRCM Dollars(shares) for the purchases. These shares are priced way way up there. My guess is that IF the stock does not get back near these levels many of those who were purchased will be very pissed. In order to make these NEW employee's happy, options strike prices may have to be repriced, usually a negaitive for EPS since this increases share count.
---just a rambling thought from a clueless minnow :-)