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

To: RetiredNow who wrote (5908)	5/1/2001 8:27:55 AM
From: Stoctrash	Read Replies (1) \| Respond to of 6531

no...I covered when it didn't break low 20's and have been shorting in high 30's and 40's, again :-) You guys did great, keep up the great pattern!!! please note GigaEthernet is likely 1/4 the volume of 100MB stuff for quite some time, and cable modem chips are now a commodity....so where is the growth going to come from?? Also note IBM's new chip and CSCO win yesterday.....ho ho ho!! ================== ``It'll take until the end of the year to work through that (inventory) issue,'' Nicholas said of Cisco and the industry. But in other areas, Nicholas said Irvine, Calif.-based Broadcom was ``knocking the cover off the ball.'' He cited its strong performance in the market for cable set-top boxes, noting that -- unlike many other areas in the communications chip industry -- his company is carrying no inventory in that product segment. Also, the move to far faster Gigabit Ethernet -- a standard for connecting personal computers and other computers in corporate networks -- from the current Fast Ethernet could spur demand among corporate customers for desktop PCs. Broadcom is also seeing ``very healthy growth in the number of (cable) subscribers,'' Nicholas said. ``We're seeing extremely encouraging, almost surging, end-user demand for cable-modem subscriptions.'' When Broadcom reported first-quarter earnings, it said it expects sales to fall in the second quarter by as much as 23 percent from the first quarter's $310.5 million. The company also is planning to report a loss before special items in a range of 7 cents to 9 cents a share. Asked if linearity -- a measure of the smoothness of orders -- in the first month of the second quarter had changed markedly, for better or for worse, from the first quarter, Nicholas replied that, ``it's about the same.'' --about the same...or slightly down??--ho ho ho!! Broadcom shares rose $4.16, or 11 percent, to $41.56 on the Nasdaq today, a move that Nicholas said might have to do with a new product the company announced today. Broadcom's new gigabit Ethernet controller chip will allow PC makers, for the first time, to sell Gigabit adapter cards for less than $100, Nicholas said. biz.yahoo.com