% | $
Quotes you view appear here for quick access.

Broadcom Corporation Message Board

  • smoothinvestorguy smoothinvestorguy Mar 7, 2008 11:22 AM Flag

    I REALLY LIKE BRCM at These Levels...

    Wow...being able to get BRCM at 52 week LOWS is a bargain for contrarian investors like me.

    Let's see, the company is trading at just 11x forward earnings.

    Company is growing earnings versus declining earnings.

    Company has $2.4 BILLION in CASH on the books with ZERO debt.

    Company is generating POSITIVE free cash flow.

    The decline in the dollar will greatly improve BRCM's foreign exposure.

    And the company is in the midst of a $1 BILLION share buyback.

    I'm definately scooping up shares here in the $17-$18 level.

    And this just came out...

    Broadcom-BRCM announces resignation of SVP of Mobile Platforms Group
    On March 3, 3008, Yossi Cohen informed Broadcom Corporation of his resignation from the position of Senior Vice President & General Manager, Mobile Platforms Group, effective March 16, 2008. Mr. Cohen is leaving Broadcom voluntarily to serve as chief executive officer of a privately-held emerging company, and his departure from the company is an amicable one. Scott McGregor, Broadcom�s President and Chief Executive Officer, will temporarily assume additional responsibilities as the General Manager of the Mobile Platforms Group until a successor to Mr. Cohen has been appointed. A search has been commenced to find his successor.

    Good riddance!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I agree, BRCM is a bargain here. The PE forward looking should be much, much higher to reflect the product growth potential of Bluetooth's new customers.

      No downgrades. Positive Investor CC. Positive, continual, product development. No taret price below $30!!!!!!!! from any analyst.

      Don't know what the politics might be on Yossi Cohen of Mobile Platforms Group, but it goes without saying that since it is effective 3/16 they will easily handle his assignment. Probably, it has been in the works for a bit.

      I want a PE of about 35-40. Prospects, potential demand it.

54.67Jan 29 4:00 PMEST