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

To: Stoctrash who wrote (6119)	11/29/2001 10:44:25 PM
From: techanalyst1	Read Replies (2) \| Respond to of 6531

No Fred! Look what CSFB thinks (according to briefing.com anyway): 2:25PM Broadcom (BRCM) 45.26 -1.69 (-3.6%): --Update-- CSFB thinks company was deliberately not being overly optimistic and referring to limited visibility because it is coming up on the end of its stock refresh for employees, which it began in late-June. Consequently, believes BRCM has an incentive to keep from sounding overly bullish. Wouldn't be surprised to see stock sell off further as company continues to water-down comments until end of stock refresh, which occurs around 12/21. This is going to have to go down in my book as one of the most stupidest (is that really a word?) things an analyst had to say to defend a stock! TA

To: Stoctrash who wrote (6119)	11/30/2001 12:15:17 AM
From: FR1	Read Replies (1) \| Respond to of 6531

You listed the downside and you are right about all your facts. Now let's discuss the upside. The experts are saying don't buy today. Then the picture changes and the stock shoots up quickly. The critics then say the picture has changed but you missed the uptick and it is all priced into the stock now so don't buy. And so on and so on... There are things that are in play to make a difference. 1) The FED effect will eventually be felt and when it is all the experts will say they always knew it was coming. The experts will also say they are surprised that you did not buy in when it was low (and they were telling you not to buy). 2) Nobody in cable is spending anything until the big ATHM thing is settled. A lot of money is bottled up over this. 4.1 million subs and the entire structure of cable internet is at stake and we are in the middle of a a big street fight over who will wind up with what and for how much. The good news is that it is coming to a head and will be decided soon. Big day tomorrow in SF court.