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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: 1-DAY-TRADER who wrote (13661)	9/12/1998 12:18:00 AM
From: craig crawford	Read Replies (2) \| Respond to of 18691

>>>> Here is FORBES coverage on it: >>These blue-chip customers pushed Broadcom's sales to $37 million in fiscal 1997 (ended Dec. 31, 1997), up 100% from fiscal 1996 (ended Dec. 31, 1996) sales of $18 million. Even though its sales are up, so are its expenses, thus cutting into the company's profitability. Broadcom posted a net loss of $1.17 million in 1997, versus a net profit of $3 million for fiscal 1996. <<<< Old news. True, BRCM had $37 million in revenue for FY1997, but had $45 million in revenues just last quarter! (Q2 1998) That is a run-rate of $181 million for a P/S of around 16.5. Not exactly cheap, but BRCM is growing like a weed. They were quite profitable last Q as well with gross margins around 55% and net margins around 17%. Like I told you yesterday, you would lose some money on that BRCM short today. Same story next week.