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

To: Francis Gaskins who wrote (76)	5/7/1998 2:24:00 PM
From: Robert Scott	Read Replies (1) \| Respond to of 78

I understand that some feel this stock is grossly overvalued but it beat by a long shot the revenues I projected for Q1 and in fact are just shy of where I thought they would be at Q4. Given this, if you look at CUBE when it was a high flier, it traded at 15X annualized revenue = after Q3 or Q4 1995. If BRCM hits 60M in Q4 sales then the stock is worth $80 based on what CUBE did. I wanted to buy in the high 20's low 30's for a significant short term gain but had to settle for the high 40s. In all the right markets at the right time - has competition but suspect it will flourish for a while at least. Only have a small stake so can be patient if that's what it takes.