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

To: John Koligman who wrote (5591)	3/2/2001 12:08:24 AM
From: Sepster	Read Replies (2) \| Respond to of 6531

I'm a long time lurker here. I am also - apparently - a rare breed on this thread: a long term buy and holder of BRCM. I bought 2 years ago, sold half for 5X what I bought it for a year ago (for a capital gain), and still have a profit with what I still hold. I've done some DD along the way. I am going to finally weigh in some of the issues here. First off, the accounting thing is, IMHO, a very minor short term deal, which certain members of this thread have over-inflated. The real reason that BRCM's share price is where it is today is because of the inventory problems. BRCM major customers are CSCO, 3COM and MOT. All of those cos overbought when they were worried about capacity issues which meant great earnings growth for BRCM and, given the dot.com momentum, caused its stock to go way too high. Now the reverse is true - slower sales and the stock is now oversold. But, the inventory issue will correct in the next 2 or 3 quarters. BRCM is still in the sweet spot for the comm sector. The fundamentals of this company are still solid. At this price its a good buy for anyone who can hold on to a stock for a year or more. I expect most of the current posters will be long gone by then (something to look forward to). Sepster