Broadcom executives wishes have certainly come true, and for them, it gets better every day.

If BRCM earned $50 Mil per year and they had a 20 P/E, the market cap for the stock would be at about $1Billion. Unfortunately for investors, they have paid over $11 Billion for their company which is the current market cap. Since BRCM is losing over $100 Million per year, it is worth considerably less than $1Billion. Executives have sold over $650 Million of stock, and by June of this year, they will have sold about $900 Million of stock, maybe more. Can someone out there tell me what remains for the other stockholders?

AND DEAN WITTER MORGAN STANLEY...DO YOU TELL YOUR RETAIL CUSTOMERS THAT BROADCOM CONTINUES TO PAY CONSIDERABLY FEWER EXPENSES (ABOUT $100 MIL LAST QUARTER)EVERY QUARTER WHICH GROSSLY OVERSTATES THE ACTUAL EARNINGS FOR THE COMPANY. DO YOU GET A BONUS OR A PERCENT OF WHAT BROADCOM EXECUTIVES WALK AWAY WITH IN THE $125 MILLION IN QUARTERLY STOCK SALES THAT THEY HAVE ACHIEVED? I KNOW YOU HOLD THIS STOCK IN SOME OF YOUR FUNDS, AND I AM SURE YOU WELL-PAID ANALYST SAYS, "BUY". I REMEMBER WHEN I WANTED TO SHORT ANOTHER STOCK YOUR COMPANY DID UNDERWRITING FOR, AMAZON...YOUR FIRM TOLD ME I WAS NUTS WHEN I BOUGHT PUTS ON THE STOCK WHEN IT WAS $75...IS THAT STILL A BUY.

I PREDICT THAT BY 2003 AND 2004 THE STOCK BROKERAGE BUSINESS WILL BE A DEAD DUCK FOR MANY YEARS TO COME. THERE WILL BE NO INTEREST, THERE WILL BE NO BUYERS, AND IF THERE ARE....I AM SURE THAT IT WON'T BE WITH STOCK BROKERS AND MUTUAL FUNDS.