Bull Run On BRCM.(Brief Article)(Statistical Data Included)

Multichannel News, April, 2000

W. R. Hambrecht & W Co. initiated coverage of Broadcom Corp. (symbol: BRCM) with a buy rating and a price target of $295 per share, citing the broadband-communications-chip maker's dominant market position and aggressive acquisition strategy. Based on that strategy, Hambrecht believes revenue at Broadcom could more than double next year to $1.2 billion from $518.2 million in 1999.

"We believe shares of Broadcom are an ideal choice for investors looking to participate in the expected long-term growth of broadband communications," Hambrecht analyst Jim Liang wrote in his report.