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

To: Thai Chung who wrote (5539)	2/27/2001 9:34:22 PM
From: Stoctrash	Read Replies (1) \| Respond to of 6531

I walk the walk....and I do have a phat mouth. My only regret was not having enough BALLS to Nail it large that day after the earnings conf/scam call. Henry should get a Best Actor award for that one...he had me fooled for an hour or two.

To: Thai Chung who wrote (5539)	2/28/2001 12:35:36 AM
From: FR1	Respond to of 6531

I guess this must be the BRCM bashing thread. The most recent downgrade, just 48 hours ago, gave a target price of $160. Another recent price target was only $125. That's still over 100% from where we are. The most recent: 6:42am 02/26/01 UBSW on comm. chip stocks (AMCC, TXCC, BRCM, PMCS, VTSS, GSPN) By Tomi Kilgore Analyst David Wong at UBS Warburg cut his 12-month price targets for the stocks of a number of optical communications chip makers to reflect increased risk in end markets and the potential of a near-term slowdown in revenue growth. He cut Applied Micro Circuits' (AMCC) target to $80 from $115, Broadcom's (BRCM) to $160 from $300, PMC-Sierra's (PMCS) to $50 from $60, TranSwitch's (TXCC) to $85 from $100 and Vitesse Semiconductor's (VTSS) to $140 from $200. Wong also lowered his earnings and revenue estimates for AMCC and VTSS. Meanwhile, he believes TranSwitch and GlobeSpan (GSPN) are on track to meet estimates for the current quarter. Looking at the analyst since around the middle of the month: cnet.com Lehman Bros cut earnings a little, Thomas Weisel reiterated strong buy, CSFB did a downgrade, UBS Warburg reiterated a strong buy. It's a mixed bag from the professionals. The bashers (or should I say shorts) on this Broadcom bashing thread are obviously way ahead of the pros. I can understand the reason - if you short something like BRCM you can lose a fortune in the blink of an eye if things turn north. Therefore a continuous stream of bad mouthing is necessary.