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

To: Lizzie Tudor who wrote (6314)	8/20/2002 1:50:21 PM
From: uu	Read Replies (2) \| Respond to of 6531

Lizzie: When you are in a bull market you can afford giving out less of the company to the people who put up the cash. The impacts of creating "smoke in the mirror" are unbelievable. As someone who started a .com back in 99 and went through the VC funding I can tell you one thing for sure: Perceptions are very easy to create when at the peak of a bull market - and cash becomes the peasant instead of the king! BRCM's keeping most of its shares for insiders was purely based on luck - and absolutely nothing else. The founders must have done an excellent job of creating massive smoke in the mirror, and they were lucky too (thanks to the upside bull market of the time and all the .com mania that blinded the poor VCs with greed and stupidity)! Do you honestly think BRCM would be able to get even a fraction of what VSs were giving it in 98-99 if it was today without taking the entire company to themselves?! In a way BRCM is the perfect example of how "perception does become the reality for fools acting as VCs who are blinded by their own greed and stupidity"!

To: Lizzie Tudor who wrote (6314)	8/20/2002 2:18:10 PM
From: Larry Livingston	Read Replies (2) \| Respond to of 6531

Lizzie, You seem to think management still own a large amount of the company. Yahoo shows them as almost entirely cleared out. If you have up to date info indicating otherwise that would be interesting to see. As far as I can tell, I see a lot of exercise of options and practically zero actual ownership. If they really do have a huge chunk in unexercisd options then so much the worse as it will dilute revenues and add even more supply on the market. I still say if the picture going forward were rosey they would be holding not selling. Bill Gates has sold a lot of MSFT but the bulk of his wealth is still in Microsoft. If you can find an accurate update of ownership shows management still owning a huge chunk of the company I'm all ears.