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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Chris Stovin who wrote (2155)	3/9/1999 8:08:00 AM
From: Stocker	Respond to of 14638

From today's ROB: Northern Telecom (NTL--TSE) Broadcom (BRCM--Nasdaq) $89.20, up $2.80$66.50, (U.S.) up $12.75 Broadcom, a leading U.S. cable-modem chip maker, surged 23 per cent after Northern Telecom said it will buy the Irvine, Calif.-based company's high-speed communications technology. Northern Telecom's shares were also given a lift by the news. The two tech companies collaborated to develop technology that allows phone companies to transmit voice, data and video at high speeds over phone lines. "Broadcom has a reputation for getting in early with a technology and becoming the dominant supplier," said Gregory Sheppard, an analyst with the Dataquest unit of Gartner Group Inc. Broadcom also had a boost from Wall Street: Morgan Stanley Dean Witter analyst Mark Edelstone raised his rating to "outperform" from "neutral", and NationsBanc Montgomery Securities analyst Clark Westmont initiated coverage with a "buy" rating.