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To: Venkie who wrote (6297)	2/19/2002 7:23:50 PM
From: stockman_scott	Respond to of 13815

Broadcom (BRCM) 34.28 -0.75: -- Morgan Stanley continues to believe BRCM is one of the best-positioned semi companies in their universe, and expects BRCM to advance as its new product cycle unfolds. Firm believes that product areas such as Gigabit Ethernet, Wireless LAN, Bluetooth, direct broadcast satellite (DBS), IP telephony, ADSL, and microprocessors will be significant revenue drivers for BRCM; firm estimates that these areas represented 5-10% of BRCM's overall revenue in 2001 and believes that mgmt can grow these to about half of BRCM's revenue by the end of 2003. Morgan Stanley reiterates their Outperform rating and $60 price target and adds that shares trade at a 35-40% discount to its peer group of comm IC companies. Copyright © 2002 Briefing.com, Inc. All rights reserved.