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


To: Larry Livingston who wrote (6301)8/19/2002 2:22:18 PM
From: Lizzie Tudor  Read Replies (2) | Respond to of 6531
 
which are fairly lofty given the bleak future.

Isn't this the premier company for those chips for the wi-fi products? (I don't know, I'm asking). Another company I am familiar with is in that space (atheros-private) and their business is red-hot. Wi-fi is on an accelerated growth curve.
Lizzie



To: Larry Livingston who wrote (6301)8/19/2002 3:23:34 PM
From: uu  Respond to of 6531
 
Common Sense says this rally is just another bear trap! The market has detached itself from economic reality. This recent rally will NOT last long. I am surprised it carried on another day. What has our news been of late?

Oil at a 9 month high

Leading economic indicators crash in July at steepest rate since 9/11

Housing starts down by surprise despite record low mortgage rates.

Factory output and average hours worked decreases.

And to top it all off they are buying Treasuries in the face of a market rally driving yields lower.

Believe me it is usually smart money that buys and sells treasuries. Today they are buying despite a rally. Ask yourself "why?" ! :)