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

To: Black-Scholes who wrote (1411)	4/26/1999 5:04:00 PM
From: MU Lation	Read Replies (1) \| Respond to of 6531

You been hangin around FredE too long ;^) If you can predict the future, please keep posting for us and we'll all get rich. We all know there will be competition. Any investor in high tech that ignores that, is dead. All we can do is make investment decisions on what we know today and can possibly project out from that. Based on what we see, strong management, leading technology, early market lead, fast growing market, new acquisitions and BLOW OUT earnings..BRCM is worthy of our hard earned money. This of course is subject to continuous re-evaluation by all. Best of Luck, MU

To: Black-Scholes who wrote (1411)	4/26/1999 5:17:00 PM
From: Robert Schwartz	Respond to of 6531

I've seen a number of posts quoting "50%" future growth projections. One should understand that "50%" is generally a generic number meaning ">50%" or "50% minimum". That is one reason why you will almost never see a 5-year number from Zacks or First Call that is >50. Even companies that analysts are estimating 100% growth will most likely appear as "50%". (my perception). Black-Scholes - Where is this "competition" you keep referring to? Repeating my post on the C-Cube Bulletin Board, "experts" have said for years that "competition" would have an adverse impact on Intel and Cisco! It hasn't happened!!! Shareholders for INTC and CSCO have seen triple digit returns while those investing in "competitors" such as AMD, CYRX, ASND, FORE, NN, COMS, etc. have made little or even lost money (with the exception of those involved in mergers). I believe it is an absolute necessity to recognize the benefit of being the current (or past as you say) market leader. With the constant innovation coming out of BRCM, competitors can't keep pace with current products much less new ones!!! I would challenge you to examine a portfolio consisting of C-Cube, 3-Com, AMD, Fore, and other "challengers" and compare it to a portfolio consisting of Microsoft, Intel, Cisco, Broadcom, and other dominant market leaders. There is NO comparison. (Again, I am long BRCM)

To: Black-Scholes who wrote (1411)	4/26/1999 5:36:00 PM
From: gpowell	Respond to of 6531

Agreed. I would not expect 450% revenue growth rates each year - it's just an example of why share price values based on P/E's alone are misleading in high growth sectors. Considering broadband access alone I would be very surprised not to see forward revenue growth rates at least equal to broadband subscriber growth rates, competition aside. Competition is an understandable by product of success; it should be seen as confirmation of the future growth potential of BRCM. Success is not guaranteed.