Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: uu who wrote (6315)	8/20/2002 1:59:01 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 6531

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"! No- I totally agree with you. Its just that after all this carnage in the stock market, insider selling just aint what it used to be as a predictor. Remember when Marc Andreesen sold out netscape totally in the 90s. Well that really meant something, since many thought netscape was THE investment for the new millenium, and there was no better vehicle for making money than stocks. That is not the case now. Lizzie

To: uu who wrote (6315)	8/21/2002 2:22:25 AM
From: Bernard Levy	Respond to of 6531

Addi: I am afraid your VC comments are way off the mark. You apparently don't know that the two Henrys (Nicholas and Samueli) were part of the group that founded PairGain way back in the early 90s. After leaving PairGain they ploughed all the proceeds in the founding of BRCM and were able to bring it public with very little VC funding, so even after BRCM became public they owned more than 50% of the company. I would not count on BRCM going under. It has top technical talent, but the maturity of its CEO is questionable.