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

To: Patriarch who wrote (318)	7/22/1998 5:45:00 AM
From: Hiram Walker	Read Replies (1) \| Respond to of 6531

Patriarch, geez I remember that I have a majority of stocks under $10/share with these numbers. I also have alot of companies doing that revnue selling for 300 million and they sell for 3 billion! Wowee,the fat get fatter,the skinny whither and die. If this stock trades at $20/share I will buy it,before then let it fly. But then again I could be wrong,value investing has sucked this year. Hiram

To: Patriarch who wrote (318)	7/22/1998 7:42:00 AM
From: Teddy	Respond to of 6531

From The Wall Street Urinal: The Wall Street Journal -- July 22, 1998 Technology: Broadcom's Earnings Of $7.7 Million Exceed Analyst Expectations IRVINE, Calif. -- Broadcom Corp., a designer of electronic chips for high-speed computer communications, reported second-quarter profit and revenue above analysts' expectations after its stock closed sharply higher. The company said net income in the latest quarter totaled $7.7 million, or 16 cents a diluted share, compared with a year-earlier net loss of $1.1 million, or four cents a share. Revenue soared about 88% to $45.2 million from $5.4 million a year earlier. Profit in the second quarter beat analysts' estimates of 13 cents a share, as tracked by First Call Corp. Broadcom stock jumped 6.5%, or $4.50, to $73.50 in Nasdaq Stock Market trading. However, financial results were announced after the market closed. Broadcom's latest-quarter results reflected strong demand for both integrated circuits for digital set-top boxes used with televisions and higher-speed, computernetworking links, said Henry T. Nicholas III, president and chief executive officer. Separately, Broadcom said that, effective Aug. 4, it will release from lockup about 850,000 Class B common shares, freeing the holders to sell those shares, at which time they will automatically convert to publicly traded Class A shares. Mr. Nicholas said the release applied only to shares held by most Broadcom employees, not to company officers. Results per share were calculated on the basis of 47.9 million weighted average shares outstanding in the latest quarter, compared with 26.1 million a year earlier. Four million shares of Class A common stock were sold this spring in an initial public offering at $24 each.