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

To: neverenough who wrote (614)	1/12/1999 12:46:00 AM
From: Randy Nuss	Read Replies (1) \| Respond to of 6531

CNXT (Rockwell spin-off) is in same business as BRCM. Plus, Conexant supplies 80% of PCS phone chips (see news today), 80% of FAX engines, 90%+ of Video-Capture chips, and 90% of spread-spectrum cordless phone chips. DSL is in the works, along with cable modem. Getting little attention, so far. Check them out.

To: neverenough who wrote (614)	1/12/1999 8:14:00 AM
From: Thai Chung	Read Replies (1) \| Respond to of 6531

Broadcom Down 14%; Company Said It Has No News NEW YORK (Dow Jones)--Broadcom Corp. (BRCM) shares fell more than 14% Monday after hitting an all-time high Friday, but a contact at the the Irvine, Calif., chipmaker said it didn't release any news. Although the stock has been trending upward for some time, it gained real momentum Thursday and Friday. It recently was down 25 1/4, or 14.1%, at 154 on volume of 1.7 million, compared with a daily average of 698,300. Needham & Co. analyst David Wong doesn't see Broadcom's recent activity as out of line with normal patterns. "To my knowledge," he added, "there is nothing different with the company's fundamentals." In fact, he expects Broadcom to beat his fourth-quarter estimate of 18 cents a share, which is in line with First Call Corp.'s consensus. Wong maintains a hold rating on the stock due to concerns over its valuation. He noted Broadcom shares trade substantially higher than other stocks in the sector. "When Broadcom is at 150, it is trading at 123 times my year 2000 earnings per share estimate," said Wong, who noted that some other companies in its sector trade at 32 times views for that year. "Of course, not everyone sells the same chips," he said, and he sees Broadcom as a leader in several important areas, including digital set-top boxes. "These are very young areas with chance of broad growth," he said. Broadcom, which went public last year, plans to report fourth-quarter earnings during the week of Jan. 24. A company official wasn't immediately available to comment on the stock's activity. - Christina Cheddar; 201-938-5400