How many times does a company have to warn before someone gets the picture that there is no growth?
Is cable modem growth coming back? Hardly.
From Yahoo
Broadcom's diverse product portfolio includes solutions for digital cable set-top boxes and cable modems; high-speed local, metropolitan and wide area and optical networks; home networking; Voice over Internet Protocol; carrier access; residential broadband gateways; direct broadcast satellite and terrestrial digital broadcast; digital subscriber lines; wireless communications; SystemI/OTM server solutions, and broadband network processors.
I do not see where much if any of that is growth.
If there is growth (very doubtful.. Is there any profit in it? will there ever be?)
Do these numbers look good to you?
Book Value (mrq) $6.22
Earnings (ttm) -$8.21
Earnings (mrq) -$6.40
Sales (ttm) $4.04
Cash (mrq) $1.90
Add in the fact that INTC and others (am I mistaken about this?) are competing in some product lines and I do not see that this company is worth much of anything.
Consider the affect of stock options and I bet these results are far worse than they look.
Every year another former high flier dies and does not come back.
JNPR GNSS and BRCD were the lastest casualties.
Two years ago BRCD went from 13 to 45 or whatever if memory servse in the Oct ramp. This year was it 5-9 or did it even get that high.
Next year I fully expect BRCM to be removed from "the Q" to be replaced by some other insanely overvalued stock. BRCM is probably overvalued at 5 and I bet it gets there within a couple years.
If you can paint a differnt picture please do so.
M
Market Data 
Markets 
AI
