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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (43437)	7/21/2006 1:31:11 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68892

Broadcom drops in pre-open on disappointing revenue outlook By Tomi Kilgore Last Update: 8:26 AM ET Jul 21, 2006 NEW YORK (MarketWatch) -- Shares of Broadcom (BRCM broadcom corp cl a News , chart, profile, more Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: Get up to 50 free trades at TD AMERITRADE. BRCM ) slumped nearly 10% in pre-open trading after the maker of communications semiconductors reported late-Thursday second-quarter revenue that was in line with expectations, but provided a disappointing third-quarter outlook. The Irvine, Calif. company said revenue for the quarter ending June rose 56% to $941.1 million from last year's $604.9 million, vs. the average analyst estimate compiled by Thomson First Call of $941.8 million. The company said it could not report additional results for the quarter until equity reward reviews and audit procedures have been completed, and restated financial statements have been finalized. Analyst Arnab Chanda at Lehman Bros. said Broadcom "guided" third-quarter revenue expectations to about $900 million, vs. current consensus analyst projections of $984.8 million, due primarily to inventory corrections across nearly half of their businesses. The stock was last trading down 9.7% at $23.80 on [Harry: On a technical basis, FFIV looks better for a bounce play from a technical perspective. High volume on the NASDAQ today before 12:00 PM EST. I expect an attempt to bounce strongly on Monday. As Tim mentioned the cross of death is complete. It will need to bounce very strongly to negate that. Most likely the bounce will be weak till after Labour Day.]