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

To: Obiwan Kenobee who wrote (662)	1/22/1999 9:55:00 PM
From: TA Trader	Read Replies (1) \| Respond to of 6531

Technically speaking trendline support is in area of 110 and rising. 50 MA is 111 and rising. Todays low of 114 and yesterday of 115 could have been the bottom on this decline. Remember we were up today with the DOW down 142.! Stochastics at oversold level. What's neded? Simple. A great quartelyr report. Based on SFA quarter, it should be in the cards. I expect a huge quarterly report and this should occur with a market bottom Monday or Tuesday. In short, all is in place for a sharp move up. Stock is also ripe for a split. Earnings Tuesday. WHAT A COUNTRY!

To: Obiwan Kenobee who wrote (662)	1/23/1999 1:37:00 PM
From: Homer	Read Replies (1) \| Respond to of 6531

>Any opinions on whether this will impact the price of the BRCM? Usually, by the time it's news, it's OLD news Form 424B Oct. 20, 1998 The remaining 34,116,258 shares of Common Stock (including shares issuable upon exercise of options vested as of October 14, 1998) are subject to lock-up agreements or are "restricted securities" as that term is defined in Rule 144 under the Securities Act. Of such shares, (i) 4,609,365 shares will become eligible for sale on November 13, 1998; (ii) 26,196,893 shares will become eligible for sale 90 days following the date of this Prospectus; and (iii) 3,250,000 shares will become eligible for sale pursuant to Rule 701 or Rule 144 on various dates after 90 days following the date of this Prospectus. ________________ ~29.5 million eligible for release on or about Jan 18 (Mon), of that 3.25 according to Rule 701 or 144 Link: edgar-online.com Take the LINK and look at : * STATEMENT OF OPERATIONS DATA* ..WOW _______________ Class A Common Stock offered............................... 3,000,000 shares, including 392,500 shares by the Company and 2,607,500 shares by the Selling Shareholders Common Stock to be outstanding after this offering Class A Common Stock (one vote per share)................ 7,839,750 shares(1) Class B Common Stock (ten votes per share)............... 36,270,699 shares(1) Total.............................................. 44,110,449 shares(1) Use of proceeds............................................ General corporate purposes, including working capital and acquisition of capital equipment. See "Use of Proceeds." Nasdaq National Market symbol.............................. BRCM Prospectus says 44.1 million total 26 million opened ~(90 days from Oct 20) 3.25 open ?? --------- 29.25 Can we conclude 44.1 - 29.25 = 14.85 mil shares out prior to Prospectus 14.85 mil + 26 mil = 40.85 mil out, as of early this week -notice the stock broke down Thursday (under$120) but recovered Friday I think there are several 'forces' at work here. First : The 'news/effect' of the 'lock-up release' did drop prices effectively. A 'good' play may have been to short Brcm in the proceeding months and wait for the lock-up release effect to collect. When will/did they start covering? Second : I understand institutional investors shy from companies with a small float; which makes sense when you want to buy a sizable position in a company without filing as a 5% or 10% owner of the companies stock. Increasing institutional attraction providing they like the companies prospects and quarterly reports, all else being equal. Third : The recent news surrounding T, ATHM, AOL, MSPG, BCST and others is increasing the public's broadband awareness. A technical look at the chart may show 'support' at ~120 and ~100. The recent break down (drop below 120) occured Thursday afternoon and recovered by Friday afternoon. We may drift lower; but, 'covering at the bottom' must be just as difficult as 'selling at the top'- who's going to 'start the buying' or will it be 'started' buy 'news' or by someone wanting a position of size. Bears have a tough life too. My guess is : we test $107 before the chain pops, a fast run up. But in the 'long run' it will make NO DIFFERENCE, some things WILL HAPPEN. Trust in the Force, Obiwan Kenobee. New to the stock