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

To: Paul Viapiano who wrote (5863)	4/18/2001 1:16:53 PM
From: Stoctrash	Read Replies (1) \| Respond to of 6531

no...I lost a few bux on the last short...covered at 33+. I am still the KING OF BROADCUM!!! HAHAHAAHHA!!

To: Paul Viapiano who wrote (5863)	4/18/2001 4:32:13 PM
From: Ibexx	Respond to of 6531

Wednesday April 18, 4:26 pm Eastern Time Broadcom Q1 earnings meet lowered estimates IRVINE, Calif., April 18 (Reuters) - High-speed communications semiconductor maker Broadcom Corp. (NasdaqNM:BRCM - news) on Wednesday reported first-quarter earnings that met the company's lowered guidance, as reduced orders from its main customers led to a weaker performance than the prior quarter. Pro forma net income, which excludes acquisition-related expenses and payroll taxes on stock option exercises, was $24.2 million, or 9 cents per diluted share, down from $44.9 million, or 18 cents a share in the year-ago quarter. Earnings met the Wall Street consensus analyst earnings forecast for the Irvine, Calif.-based company of 9 cents a share, according to research firm Thomson Financial/First Call. Earnings estimates from nine brokers ranged from 7 to 9 cents. Net revenues rose 62 percent year-over-year to $310.5 million, from $191.6 million in the first quarter of 2000, but fell from the fourth quarter. Broadcom lowered earnings expectations a month ago to reflect weakness from its three major customers: Cisco Systems (NasdaqNM:CSCO - news), Motorola Inc. (NYSE:MOT - news) and 3Com Corp. (NasdaqNM:COMS - news). Shares of Broadcom have underperformed the tech-heavy Nasdaq, falling some 60 percent since the start of the year compared with the Nasdaq's 16 percent decline. In contrast, the Philadelphia semiconductor index (^SOXX - news) is up about 7 percent from levels at the start of the year. ______ Not bad at all. In fact, a lot better than the performances of its three major customers. Ibexx