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

To: Bernard Levy who wrote (5677)	3/8/2001 1:50:34 PM
From: Nick	Respond to of 6531

So what's new about herb?

To: Bernard Levy who wrote (5677)	3/8/2001 1:56:32 PM
From: Stoctrash	Respond to of 6531

Bernard,...I expect Herb and his pals to have a major field day going forward with BRCM as story has moved from bad to worse in a hurry. btw...did you or anyone else not like my poem? I'm disappointed It was not Post Of the Day today;_(( ==========snip from your link======== "All of this leads to the question of what Broadcom is worth. I checked with one short-seller who used to think that, worst case, it was a $20 stock. Now he is saying that if you annualize the company's earnings forecast of 8 cents per share this quarter (32 cents for the year) -- and give it a generous multiple of, say 30-times forward earnings -- you wind up with a stock that shouldn't sell for much more than $10. Will it go that low? Beats me, but the moral of this story is that accounting games that worked (and nobody cared about in a bull market) backfire when that market turns into a bear."