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To: The Ox who wrote (2625)	8/19/2013 11:55:33 AM
From: robert b furman	Read Replies (1) \| Respond to of 8247

Hi Ox, I think that intc bounce is more off of option expiration manipulation. Many more calls than puts went worthless. A huge pay day for da boys. Bob

To: The Ox who wrote (2625)	8/19/2013 12:25:14 PM
From: The Ox	1 Recommendation Recommended By Robert O Read Replies (3) \| Respond to of 8247

I should add a bit more color to the post, as I can easily see BRCM making $3.20 next FY and 3.65 or more the following year. With this in mind, I have a 2 year price target that would be around $52/share ($43 on the low end and $60 on the high side). These are back of the napkin numbers, so a grain of salt taken with them, so to speak. They are currently trading as though they deserve a mid-high single digit PE at best and I guess I'm simply too bullish by giving them a 13 or 15 PE for possible future earnings power. I don't disregard what the market is saying, quite the opposite. However, I like to try and stay in front of it, especially when I think they are missing the boat on future earnings potential. INTC is in the same boat but I have a little more concern about them growing earnings at a mid teen eps growth clip. I think we'll see that a growing possibility but it may still be a year from now from INTC. MRVL, ATML, BRCM, INTC and others in this space have gone through a major transition over the past 2 years. I think the market is currently looking backwards in this space, assuming that single digit growth is the best these companies can hope for. We'll see..... EDIT - I am curious if looking at this post a year from now will make us laugh at my bullishness?