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

To: uu who wrote (6263)	8/6/2002 11:11:38 PM
From: Raymond Duray	Respond to of 6531

Thanks Addi, That was one of the best and most lucid posts on this thread in months. -Ray

To: uu who wrote (6263)	8/7/2002 10:34:28 AM
From: Bob Frasca	Read Replies (3) \| Respond to of 6531

– BRCM revenues have declined 23.1% Q1 to Q1 over last year. Although revenues increased Q to Q the current quarter this year, Y-T-D revenues for the six months ending June 30th have declined this year over last. I don't really consider that significant. EVERYBODY's year over year numbers look like crap at this point. We were in the middle of a recession last year. The fact that they have experienced what is now four consecutive quarters of growth is far more compelling. Next quarter everyone's numbers will be skewed the other way. For example, current estimates for q3 are 287 million versus 213 million last year. That's a 35% increase. Maybe THAT's why it's trading at 5.7 times sales. That being said, I find many of your other points to be quite compelling. Particularly the gross margin decline.