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ORANGE COUNTY BRIEFLY

New Chip Drives Up Shares of Broadcom

May 13, 1999| Bloomberg News

Broadcom Corp.'s stock advanced for the second day in a row Wednesday after the Irvine maker of high-tech communications equipment unveiled a chip that can deliver video, voice and data over conventional copper wire networks 10 times faster than current technology.

The shares climbed $3.94 to $96.63. On Tuesday, the stock moved up 10%, or $8.69 a share.

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