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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?


To: golfnut777 who wrote (5942)3/6/2001 10:52:14 PM
From: Teri Garner  Read Replies (2) | Respond to of 6445
 
Broadcom cuts Q1 outlook, hurt by orders slowdown

Tuesday March 6, 10:41 pm Eastern Time

Broadcom cuts Q1 outlook, hurt by orders slowdown

NEW YORK, March 6 (Reuters) - Communications chip maker Broadcom Corp (NasdaqNM:BRCM - news) on Tuesday reviewed downward its earnings and revenue outlook for the first quarter, hit by a slowdown in customer orders because of the sluggish economy.

The Irvine, Calif.-based company said it now expected earnings per share on a pro-forma basis of between eight and nine cents for the quarter ending in March.

biz.yahoo.com