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$24.90 -0.02 (-0.08%)
8/27/2008 4:00 PM

Broadcom Corp (BRCM)

CAPS Rating:
***

The Company is a technology innovator and deals in semiconductor for wired and wireless communications. It products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment.

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Avatar Statman42 (79.01) Submitted: 1/10/08 12:51 AM : Outperform Start Price: $24.49 BRCM Score: 9.59

Beat up because of poor profits and market, but a lot went to R & D of future 3G chips, among other things; good long-term play.

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Avatar Statman42 (79.01) Submitted: 2/20/08 1:19 AM

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This is actually my worse performing stock, but unlike most, I decided not to cut the loss on it because I still believe in them for the long-term. Why? In addition to having the best, most energy-efficient 3G chips, they should also get a big boosts in late 2008-2009 from: their HD video processing chips, now that the format war has ended, their video and graphics chips in phones, and various broadband chips with increased movie downloading. Unfortunately, they are now the victim of momentum short selling due to a combination of decreased short-term margins due to increased R & D, production delays, recession fears, etc. However, they ARE gaining market share on both TI and QCOM. I made a similar call on Intel vs. AMD July 2006. Unfortunately, I called it a bit too early on Broadcom.

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