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

To: dennis michael patterson who wrote (1362)	4/21/1999 6:27:00 PM
From: Patriarch	Respond to of 6531

Preferred Capital Markets, Inc. Upgrades Its Rating Of Broadcom Corporation to a BUY from ACCUMULATE April 21, 1999 01:15 PM SAN FRANCISCO, April 21 /PRNewswire/ -- The following is being issued by Preferred Capital Markets, Inc., a member of the National Association of Securities Dealers, CRD number 10993: Preferred Capital Markets, Inc, a brokerage firm servicing both institutional and individual investors with a focus in technology, telecommunications and medical technology today upgrades its rating of Broadcom Corporation BRCM to a BUY from an ACCUMULATE and increased the 12-month price target to $85. The company posted earnings of $.19 per share on revenues of $96 million for the first quarter ending in March. According to the company, during this quarter, Broadcom witnessed continued growth in sales for Networking transceivers and IC's for use in set-top boxes. According to figures provided by the company, sales were up 37% sequentially and up 173% from the first quarter last year. A research report was originally published on November 4, 1998, before being upgraded on January 27, 1999, on Broadcom, a developer of highly integrated silicon solutions that enable broadband digital data transmissions to the home and within the business enterprise. Broadcom's products enable the high-speed digital transmission of data over existing communications media, including twisted pair copper wire, hybrid fiber coax, and wireless. Preferred Capital Markets, Inc. provides proprietary research and trade execution services on an agency and principal basis for the securities and options markets. Clients include institutional investors, money managers, floor traders, and high net worth individuals. Founded in 1982, Preferred Capital Markets is headquartered in San Francisco with offices in Boston, Chicago, New York, Miami, and Philadelphia. SOURCE Preferred Capital Markets, Inc.

To: dennis michael patterson who wrote (1362)	4/21/1999 6:27:00 PM
From: Doughboy	Read Replies (1) \| Respond to of 6531

Yes, AOL significantly outperformed Yahoo, Amazon, and Ebay today. But it couldn't hold a candle to Covad (30%) and Rhythms (26%). I don't follow the internet stocks too much, but it seems to me that everyone is looking for somewhere else to put their money because the days of 100% gains in a week for the big players are behind them. They're just too big and expensive to do that anymore. So money is going to the internet startups and the internet frauds and the bandwidth plays. IMO, the only ones who are going to make money in this 2d tier of internet investments are the bandwidth companies. Still . . . I wouldn't go selling your AOL yet. :o) Doughboy.