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No. of Recommendations: 0
	Broadcom Corp							cnxt	txn	<Fill in Name>	
			Current Period	Year-ago Period	Year-over-Year  		Current Period	Current Period	Current Period	
			FY '99		FY '98		Growth		<Date>	<Date>	<Date>	
Income Statement . . .								
  Sales	5		18,183		216,456	 139.4%		2,385 		509,963 		
  Cost of Goods Sold	209,837  	91,403 		 129.6%		1,247 		277,446 		
  Net Income		115,533  	24,592   	 369.8%		383		51,831 		
  Shares Outstanding	116,142  	102,316		 13.5%					
								
Balance Sheet . . .								
  Cash & Equivalents	260,181	 	96,973 		168.3%		2,015,000 	277,516 		
  Current Assets	391,327 	157,295 	148.8%		5,488,000 	932,462 		
  Short-term Debt	0 		0 		No Debt		264,000 	0 		
  Current Liabilities	86,062 		27,103 		217.5%		2,438,000 	354,663 		
  Long-term Debt	0 		0 		No Debt		1,159,000 	350,000 		
					1	1	0	Competitors' Average
Margins & Ratios . . .								
  Gross Margins		59.5%		57.8%		1.7		47.7%		45.6%		46.7%
  Net Margins		22.3%		11.4%		10.9		16.1%		10.2%		13.1%
  Cash-to-Debt		No Debt!	No Debt!	No Debt!		1.42		0.79		1.29
  Net Cash		260181.0	96973.0		168.3%		592000.0	-72484.0	259758.0	
  Fool Flow Ratio	1.52		2.23		-31.5%		1.60		1.85		1.72
								
								
	Continue Here							
								
Ranking Rule Makers								
								
1) Brand	Points (0-1)			3) Financial Direction	Points (0-3)		
Familiarity	1				Sales Growth		3		
Openness	1				Gross Margins		3		
Optimism	1				Net Margins		3		
Legitimacy	1				Shares Outstanding	0		
Inevitability	1				Cash-to-Debt		3		
Solitariness	1				Fool Flow Ratio		3		
Humor		1				Expansion Potential	3		
  Subtotal	7				  Subtotal		18		
							
2) Financial Location	Points (0-2)		4) Monopoly Status	Points (0-4)	
Mass Market Habit	1			Gross Margins	4	
Gross Margins		1			Net Margins	4	
Net Margins		2			Net Cash	0	
Cash-to-Debt		2			Fool Flow Ratio	2	
Fool Flow Ratio		0			Convenience	2	
Your Interest		2			 Subtotal	12	
  Subtotal		8						
					5) Your  Enjoyment	1	
							
	  Total Score	46	Second Tier				

Broadcom does have an insignificant amount of short 
and long term debt (500k each). But there's quite a 
difference between cash/debt falling from 2 to .5 and 
it falling from 1000 to 250. Oh yeah, the 500k in 
short term debt raises the flow ratio from 1.52 to 
1.53. I really don't see what the point of counting 
this debt is. But if you're a rule maker ranker 
purist, it takes off 3 RM points.

brcm's awfully close to 60% gross margins with 59.5%, 
but due to increased competition, I doubt they will 
make it any time soon. But you never know with this 
company...

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