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

To: RetiredNow who wrote (251)	5/12/1998 6:06:00 PM
From: Platter	Read Replies (1) \| Respond to of 6531

Broadcom Corp. (BRCM) 56 7/8 -5/8: --UPDATE-- Hambrecht & Quist initiates coverage of developer of highly integrated silicon solutions that enable broadband digital data transmissions with "buy" and a 12-month price target of $70.....from Briefing.com

To: RetiredNow who wrote (251)	5/14/1998 12:23:00 PM
From: PeterR1700	Read Replies (1) \| Respond to of 6531

Mind/ALL - sorry for jumping in but this is my first post on this thread. Looking at Broadcom and was intrigued by your comments "if it goes below $40 and I agree with Morgan Stanley." If I understand correctly, Broadcom manufactures chips that accelerate transmission thru copper lines. (among other things.) I've been invested in various adsl companies that propose the same thing. Texas Instruments is also heavily invested in that area - would you consider them a competitor. Increasing bandwidth is a no-brainer investment if you've got the right horse. If any of you've a moment, appreciate your thoughts. Thanks in advance. Peter Peter

To: RetiredNow who wrote (251)	5/17/1998 8:29:00 PM
From: Michele	Read Replies (1) \| Respond to of 6531

I should also remind you that Morgan Stanley - the lead underwriter of the Broadcom IPO, -as well as of some fabulous others- initiated coverage on ATHM with a "neutral" at @$24 (IPO priced at $12) and on RMBS @ $30 (IPO they priced somewhere in the low $20's, if I recall) with a "neutral", also based on valuation. The investment banking biz is based on bringing a company public at "the right price". And if they were to initiate coverage, on a company's whose price had run up substantially since the IPO they underwrote, with any more than a neutral rating, then it would imply that they didn't do the right pricing in the first place. This is a complicated biz and there are many facets to look at. If you love the company -like a BRCM- and think it the best in its industry, just buy the stock and you'll make money. RMBS zoomed to 86 and ATHM now stands in the mid 40's. Morgan's target on ATHM is still at $30- it is now trading approximately 50% above that target price. Maybe H&Q, and Alex Brown with their "BUY" ratings are being far more impartial. And it makes me wonder......