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.

Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread -- Ignore unavailable to you. Want to Upgrade?

To: HIA who wrote (152)	1/26/1999 9:01:00 PM
From: Mark[ox5]	Respond to of 779

My #1 stock for the next 5 years... nice day, crushed earnings and set 2 for 1 split. WOOOOO baby! BROADCOM (BRCM) .26 earned vs .18 estimate by analysts .26 earned vs .06 in the year ago period Revenue $70.1M vs $17.3M year ago period Splits 2/17 I have the May and Feb CALLs on this baby. Here is a report from CBS Marketwatch.... don't miss this one if your a short term OR long term investor... it has "Cisco-like" qualities (no hype) ******************************** Broadcom sails above Street estimates Chip manufacturer sets 2-for-1 stock split By Janet Haney, CBS MarketWatch Last Update: 6:59 PM ET Jan 26, 1999 IRVINE, Calif. (CBS.MW) -- Shares of Broadcom could rise Wednesday as the company reported fourth-quarter earnings well above estimates and set a 2-for-1 stock split Tuesday. The Irvine, Calif.-based maker of integrated silicon solutions said its net income for the period was $12.8 million, or 26 cents a share, up markedly from $2.5 million, or 6 cents a share, a year ago. The consensus estimate from analysts surveyed by First Call was 18 cents. Revenue was $70.1 million, compared with $17.3 million in the year-ago fourth quarter. Broadcom (BRCM) also said its board approved a 2-for-1 stock split for investors on record as of Feb. 5. The additional shares will be distributed around Feb. 17. See related press release. "In particular in the fourth quarter, we generated substantial increases in shipments of our chips for digital set-top boxes for cable TV, and chips for high-speed networking products," Henry T. Nicholas III, president and chief executive, said in a press release. The company noted that it launched several new products in the quarter, including a high-end graphics chip for use with video and Internet content on television set-top boxes. Broadcom said Monday it acquired Maverick Networks, a San Jose, Calif.-based manufacturer of integrated silicon for multilayer switches. See press release. The deal includes the issue of 864,200 Class B Broadcom shares in exchange for all shares of Maverick's preferred and common stock. The merger is expected to close in 90 days. "This is a strategic step for us as we continue to broaden our silicon systems product offerings and facilitate the unification of voice, video and data services across the LAN and WAN," Nicholas said. LAN refers to a local area network, and WAN to wide area network. Shares of Broadcom jumped 9 1/4 to 129 1/2, ahead of the news.