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

To: Wizard who wrote (198)	4/23/1998 11:31:00 AM
From: capitalistbeatnik	Read Replies (1) \| Respond to of 6531

Not surprisingly, the stock hasnt moved. This is a news driven stock, not an earnings driven stock, at least now in these early stages. Still long even at these levels.

To: Wizard who wrote (198)	4/23/1998 12:09:00 PM
From: Kashish King	Read Replies (2) \| Respond to of 6531

Well, they earned 35 million for a 600% increase but there's nothing they can do about that now. Had they taken the 5 million they brought in one year ago and structured that to report 2.5 million instead they would now be up 1200%. Get the picture? Does this justify their current stock price? Of course not. Does the product, the potential and the stellar backing justify the stock price? I don't think so. I think the $24 IPO was already rich, even for this company. Does that mean it will retrace back down to $24? I doubt it, but it's going to pull back somewhat, IMO.