Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Merrill Lynch Cuts Broadcom Estimates

Merrill Lynch cut estimates on Broadcom (BRCM ).

Analyst Mark Lipacis says he picked up a couple of themes at the SUPERCOMM industry conference this week. He says his checks indicated demand is still weak, and will likely remain weak for several quarters. He says pricing pressures are more likely. As a result, he cut the 2001 and 2002 estimates for the communication-IC sector, such as Applied Micro Circuits, Broadcom, Exar Corp., PMC-Sierra, and Technology Solutions and Vitesse Semicondutor. He maintains his near-term neutral rating and long-term buy on Broadcom.

Lipacis says he's cautious due to weak carrier demand and high inventories. Also, he sees potential end-of-fiscal-year selling pressure.

blog comments powered by Disqus