Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : General Instrument Corp.'98 (GIC) -- Ignore unavailable to you. Want to Upgrade?

To: DCRich who wrote (329)	6/24/1998 3:45:00 PM
From: John F Beule	Read Replies (1) \| Respond to of 615

Congratulations! I think GIC is a great company also. I think Ed Breen will be looked upon as one of the great CEO's of all time. I bought in when he arrived (the stock was $14, down from $25), but I had read alot about how has worked his way up in the organization. I'm in it for the long term, I read the stories of individuals who own shares of DELL, that are millionaires, that's where I want to be. Good Luck.

To: DCRich who wrote (329)	6/24/1998 4:20:00 PM
From: John F Beule	Read Replies (1) \| Respond to of 615

From Briefing.com : BROADCOM CORP (BRCM) 66 7/8 +8 3/8. Investors are picking up on recent IPO, Broadcom Corp, as a third-tier play on the AT&T/Tele-Communications Inc deal: AT&T will introduce its sizeable customer basis to the enhanced performance of cable-based communications -> this will lead to increased demand for cable set-boxes -> thus, spurring demand for suppliers of components needed to build those boxes. Broadcom is one of those suppliers. The Irvine, CA-based company designs the high-speed chips that go into set-top boxes. The stock soared 53 5/8 points, or 124%, on its first day of Nasdaq trading, after pricing in mid-April at $24 per share. The company's customer list is a Who's Who of networking and cable products makers: 3Com, Bay Networks, Cisco Systems, General Instrument , Motorola, Scientific-Atlanta and Next Level Communications. Based on a survey of six analysts, BRCM is expected to expand earnings to $0.59 a share in 1998 and $0.79 in 1999 (+34%) and to average earnings per share growth of 41% per annum over the next five years. While growth is predicted to be robust, it appears that much of it is already priced into the stock. At 66 7/8, BRCM carries forward P/Es of 114 and 85. Although trading at a discount to Rambus (RMBS 62 1/4 +4 3/4), which has gained 24 points move over the past three sessions, this is far from a value play. Morgan Stanley Dean Witter analysts Mark Edelstone would appear to agree with this observation, as the analyst started coverage of the stock with a "neutral" rating. Why is that significant when firms such as BT. Alex. Brown and Deutsche Morgan Grenfell rate the stock a "buy" and "accumulate," respectively? Morgan Stanley was the lead underwriter of the IPO and Mark Edelstone is one of the best chip analysts on Wall Street. 11:45 ******