Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: tangoev Three stars, 500 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 6162  
Subject: Buying Op? Date: 10/25/2007 1:28 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Stock has fallen close to 20% since announcing results earlier this week.

Reuters take - NEW YORK, Oct 24 (Reuters) - Shares of chip maker Broadcom Corp (BRCM.O: Quote, Profile, Research) fell more than 16 percent on Wednesday after the company said earnings would continue to be weighed down as it continues to spend heavily on research and development. Broadcom stock fell $7 to $35.06 on Nasdaq after the company said its gross profit margin would see an even greater fall in the current quarter than in the third quarter, for which it reported results late on Tuesday.

After listening to the conference call it seems to me that yes they are spending a bunch on R&D and this has spooked the market. Yet this is the key to success. They have to develop new stuff, like the single chip cell phone. This is cool but expensive that is an investment in the future. I see this as an opportunity to buy more.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next


Kiddie Card Board
Should kids have their own credit card?
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Berkshire Hathaway

Berkshire's Golden Year
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.