Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Stoctrash who wrote (5585)	3/1/2001 10:58:29 AM
From: Jack Hartmann	Respond to of 6531

Don't Overlook 3Com's Impact on Broadcom By Herb Greenberg Senior Columnist 3/1/01 10:02 AM ET Broadcom banter: 3Com (COMS:Nasdaq - news - boards) warned late Wednesday that it would lose twice as much money as originally expected in its fiscal third quarter. Can't help but wonder how that'll affect Broadcom (BRCM:Nasdaq - news - boards), no stranger to this column. 3Com is Broadcom's largest customer, accounting for 22% of sales last quarter, up from 13% the quarter before. 3Com blamed, in part, "eroding prices and margins for its consumer broadband modem business." That's exactly Broadcom's biz with 3Com! Broadcom officials couldn't be reached. (And this note: I wrote this last night, which shows how hopelessly out-of-date standard print publication deadlines can be. Since then, Merrill Lynch has downgraded Broadcom, which is falling even further. Of course, this column was first to raise red flags on the company back on Jan. 18, when its stock was around $130, with a column headlined "Is Broadcom's Core Business Finally Slowing"? The company, it should be noted, argued the column's premise was wrong.) thestreet.com No Position in BRCM either way Jack