Credit Suisse Disruptive Technology Portfolio Mover Of The Week: Broadcom - InformationWeek

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Credit Suisse Disruptive Technology Portfolio Mover Of The Week: Broadcom

Stock price slides despite patent truce with Qualcomm.

Chipmaker Broadcom posted one of the biggest stock-price declines last week of all the Disruptive Technology Portfolio companies. The company's 6.4% slide happened despite news that Broadcom and Qualcomm were dismissing patent and trade-secret misappropriation claims against each other in lawsuits pending in San Diego. This is clearly positive for Broadcom, even if it only modestly reduces legal spending.

Investors continue to be wary of Broadcom's exposure to Motorola, which recently said that its March quarter sales won't meet expectations. As a major supplier of Bluetooth chips for Motorola's Razr phones, Broadcom could feel effects from that company's weakness. In addition, sales of Gigabit Ethernet chips have been slow recently, providing further reason for caution about Broadcom.

Overall, the DTP declined 0.8% in the week; the S&P 500 grew 3.2%. Twenty-three stocks ended the week in negative territory; only six were up.

Disruptive Technology Portfolio
    Stock Price
3/28/07
% Change
Weekly
% Change
Year To Date
AAPL Apple Computer $93.24 -0.7% 9.9%
BIDU Baidu.com, Inc. $99.25 -1.7% -11.9%
BBBB Blackboard $33.86 -4.7% 12.7%
BRCM Broadcom $31.27 -6.4% -3.2%
CNQR Concur Technologies $17.22 -1.0% 7.4%
CRM salesforce.com $42.95 -1.2% 17.8%
CTSH Cognizant Technology $90.36 -2.8% 17.1%
DRIV Digital River $55.38 0.9% -0.7%
EBAY Ebay $33.11 3.0% 10.1%
GOOG Google Inc. $461.88 1.2% 0.3%
INFY Infosys $50.46 -6.7% -7.5%
KNXA Kenexa $30.93 -1.2% -7.0%
MFE McAfee $29.39 -1.3% 3.6%
MRVL Marvell $17.09 -5.4% -10.9%
NOVL Novell $7.18 -0.1% 15.8%
NSR Neustar $28.52 -3.5% -12.1%
NVDA Nvidia Corp. $29.21 -2.5% -21.1%
RHT Red Hat $23.52 -1.3% 2.3%
RIMM Research in Motion $135.91 0.7% 6.4%
RNOW RightNow Tech $16.49 0.7% -4.2%
TLEO Taleo $16.33 -0.5% 19.5%
TIBX TIBCO, Inc. $9.01 -2.0% -4.6%
TXN Texas Instruments $30.70 -3.2% 6.6%
ULTI Ultimate Software $26.03 -1.1% 11.9%
VRSN Verisign $24.99 -2.3% 3.9%
WEBX WebEx Communications $56.61 -0.6% 62.3%
WIND Wind River $9.94 -2.4% -3.0%
WIT Wipro $16.14 -2.6% -0.1%
YHOO Yahoo! Inc. $31.41 0.4% 23.0%
  DTP Index Value $256.83 -0.8% 3.2%
SPX S&P 500 $1,417.23 -1.2% -0.1%

© 2007 Credit Suisse. Important disclosure information about potential conflicts of interest regarding the companies referenced above may be obtained at csfb.com/researchdisclosures, or by E-mailing [email protected] or calling 1-877-291-2683.

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