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 : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (129366)	3/7/2001 3:24:33 AM
From: Paul Engel	Respond to of 186894

Intel Investors - High Flying Broadcom has just been shot down - Those poor ServerWorks People may have been BAMBOOZLED when they agreed to be bought out by BroadCom. Broadcom reduces forecast after 3Com cancels chip order By Semiconductor Business News Mar 6, 2001 (9:01 PM) URL: siliconstrategies.com IRVINE, Calif. -- Even the mightly have fallen. High-flying Broadcom Corp. late today (March 6) issued its first-ever forecast warning following an order cancellation from one of its best and largest customers, 3Com Corp. of San Jose. On Feb. 28, Broadcom claimed its was notified that 3Com was terminating its chip purchasing agreement with Altima Commications Inc., a supplier of transceivers and other products for Fast Ethernet networks. Last year, Broadcom acquired Altima of San Jose for more than $500 million. "At the end of February, we received notice of termination of a significant contract from one of our largest customers," said Henry T. Nicholas, Broadcom's President and CEO. Broadcom also blamed the problems on the slowdown in the IC business. "Upon completion of our most recent demand review, we concluded that the isolated signs of softness we had seen earlier have now become widespread, and we do not currently have the visibility to be able to predict when this softness will abate,'' Nicholas said. As a result, "We are announcing that we expect our first quarter revenue to be between $315 million and $325 million, which we expect would result in pro forma diluted earnings per share in the range of $.08 to $.09 for the quarter,'' he said. The company will miss its forecast by a wide margin. It was projected to earn $0.25 a share, according to First Call/Thomson Financial. "On February 7th, the company indicated that we were uncertain about meeting revenue and earnings expectations for the first quarter," he said. "Along with all of our customers and peers, we are now experiencing the effects of the sharp downturn in the U.S. economy. In February we started seeing a higher level of order delays by our customers," he said.

To: Paul Engel who wrote (129366)	3/7/2001 3:53:51 AM
From: Joe NYC	Read Replies (1) \| Respond to of 186894

Paul, The Typical AMDroid Hubris - "Anybody that buys an Intel-based CPU is STUPID !!! Not every Intel CPU. I said P4. I used to buy Celeron, P-II and Coppermine CPUs prior to AMD Thunderbird and Duron release. As I said, Toiletin may be a good CPU, if it arrives on time. But current version of P4 is only for idiots. Well - that makes 83% of all RETAIL PC buyers STUPID !! I don't know what 83% retail number you are referring to. P4 is probably still in the single digits. Joe