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

To: Kevin Kessel who wrote (337)	8/7/1998 11:47:00 AM
From: RetiredNow	Respond to of 6531

Two things. The owners of this company will hold on to the majority of their shares. They are in this for the long term as evidenced by one of the owners comments that they will be bigger than Intel. Insider selling due to release of the lockup is already accounted for in the stock price. Thus the $17 drop in the last month. Also, Broadcom is standards based, that is why they are making a lot of money. They have great bandwidth relief solutions like Gigabit Ethernet etc, in addition to their cable modem chips. BTW, cable modems are selling like hotcakes and IMHO will leapfrog even xDSL technology to the desktop. It's fast, easy and familiar to the mainstream Internet user. TCI Cable for instance is about to have cable modem service in Ausin where phone line bandwidth have hobbled Internet use. Plus Austin has over 100,000 students to use the tech. There are similar stories throughout the country. In addition, Motorola has sold a record number of cable modems. This is the new wave and Broadcom has a monopoly on the chips. Forget the price, this stock will double and triple in the next three years...and the earnings will grow fast enough to lower the current high PE, as well. Good luck!