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

To: Stoctrash who wrote (5578)	3/1/2001 8:34:25 AM
From: David Alon	Read Replies (1) \| Respond to of 6531

Fred, you have to tell those friends of yours by ML to stop bashing the stock, just look at the damage he is causing. NEW YORK (CBS.MW) - Shares of Broadcom were pummeled in pre-open trading Thursday after Merrill Lynch lowered its investment rating on the stock. Broadcom (BRCM: news, msgs, alerts) dropped $6.25, or 13 percent, to $43 over the Island ECN. Analyst Joe Osha at Merrill Lynch lowered his intermediate-term rating on the stock to "neutral" from "accumulate," due to worsening inventory and demand environment. Osha also cited the warning from 3Com late Wednesday (See full story.), which he noted was the company's biggest customer. cbs.marketwatch.com