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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (2171)	6/15/2007 7:27:12 AM
From: The Reaper	Read Replies (2) \| Respond to of 6370

Take this recommendation as you will but I think BRCM is in a world of hurt. It's been in the news lately because it managed to get an injunction against the importation of new model phones that use Qualcomm chipsets because of a power saving patent that BRCM owns. Mind you, BRCM bought the company that originally developed the patent and BRCM has never used this particular patent in any of its products but it appears that Scott McGregor, the CEO of BRCM, has taken it upon himself to be the "savior" of all the 130+ companies that have licensed QCOM technology and has stated publicly that he is trying to "destroy the QCOM business model". If you ask me, I think he's a loon. The stock has not participated at all in this recent move by the NASDAQ and has in fact broken below it's 200-day MA. It received it's injunction against QCOM a week ago and even that didn't help the stock. Something really smells here, besides the fact that the CEO appears to have lost his mind trying to bring down a $71 billion company that controls the very market in which BRCM is trying to become a leading vendor for chipsets. This has all the earmarks of another Sun Microsystems vs. Microsoft battle and we all know how well Sun Micro stock has done. This could be a terrific short from the 30's here down to Sun Microland. Did I mention they just recently had to write off $1.5 BILLION because of "stock option adjustments"? Of course that "doesn't affect cash flow and will have no future impact on operations going forward" but it does tell you what kind of management we are dealing with here. That investigation is ongoing....

To: RockyBalboa who wrote (2171)	6/17/2007 2:30:03 AM
From: Bill Wexler	Read Replies (4) \| Respond to of 6370

I've been buying GLD and gold/copper/silver miners (NTO, CDE, NXG) for this very reason. Fortunately, I can bide my time with these and wait for the chickens to come home to roost, what irks me, however, is that some garbage stocks have been making huge runs in the meantime. I understand the dollar being propped up, but exactly where is all this money coming from that's blowing hot air into equities? I had little trouble deconstructing the tech bubble, but the current one in the DOW puzzles me. And I have to wonder if this is 1999, or are we only at 1996?