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Broadcom Corp

BUSINESS
December 9, 2008 | Times Wire Services
Broadcom Corp., the Irvine maker of chips for phones and consumer electronics, reduced its fourth-quarter sales forecast to $1.05 billion to $1.1 billion, down from a previous projection of $1.17 billion to $1.24 billion. The company, one of a number of chip makers to restate projections for the current quarter, said the recession is crimping demand for electronics, forcing customers to cancel or delay orders. Before the revision was announced, shares had gained 52 cents to close at $15.46.
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BUSINESS
May 22, 2003 | From Bloomberg News
Agere Systems Inc. and rival communications chip maker Broadcom Corp. traded patent-infringement lawsuits accusing each other of stealing technology without paying for it. Agere says Broadcom is impermissibly using its inventions related to modems, circuitry and wireless local area networks. Broadcom claims Agere is the one that's using technology for semiconductors without permission. Irvine-based Broadcom says Allentown, Pa.
BUSINESS
September 21, 2004 | From Dow Jones/Associated Press
Broadcom Corp. said it had agreed to acquire Alphamosaic Ltd., a privately held British maker of multimedia processors used in mobile devices, for about $123 million in cash and stock. Under the agreement, the Irvine-based semiconductor company would give Cambridge-based Alphamosaic about 4.17 million shares of Broadcom common stock, worth about $120.3 million based on Friday's closing price of $28.86 on Nasdaq. Broadcom also would give Alphamosaic about $2.7 million in cash.
BUSINESS
November 16, 2007 | From Times Wire Services
Irvine-based computer chip maker Broadcom Corp., whose shares have fallen 12% this year, said Thursday that it would buy back as much as $1 billion in stock, or more than 7% of the company's shares outstanding. The buyback will take place from Monday to the end of next year. Broadcom said it completed a previous $1-billion buyback Nov. 1. Shares of Broadcom, whose chips are found in Apple Inc.'s iPhone and Motorola Inc.'s television set-top boxes, fell 14 cents Thursday to $28.52.
BUSINESS
March 3, 2000
Irvine chip developer Broadcom Corp. said Thursday it has completed the acquisitions of BlueSteel Networks Inc. and Digital Furnace Corp. by swapping more than 1.34 million shares for the two companies. Based on Thursday's closing price for Broadcom stock, the value of both deals combined was $276.8 million. Broadcom gained 13 cents to end the day at $206.13 a share. BlueSteel Networks in Mountain View develops high-performance Internet security processors.
BUSINESS
August 17, 1999 | Bloomberg News
Broadcom Corp., the leading maker of semiconductors for cable modems, unveiled a chip that lets computer-networking equipment process video, voice and Internet data more efficiently at a lower cost. Broadcom said its StrataSwitch chip, costing about $100, performs functions of chip sets costing $500 to $1,000. It would be used in switches that receive information from computers in a network and transmit it to other computers or switches.
BUSINESS
June 12, 2001 | Bloomberg News
Broadcom Corp., the largest maker of semiconductors for cable modems, said Monday it has developed a chip that triples the speed of sending voice and Internet content over cable-television lines. Broadcom also has developed a semiconductor that more than doubles the speed of receiving data, the Irvine company said. The chips will be used in the equipment that enables data to travel over cable networks.
BUSINESS
October 26, 2001 | Reuters
The U.S. International Trade Commission has barred the U.S. sale of certain communications chip products designed by a Broadcom Corp. subsidiary that infringe two Intel Corp. chip packaging patents. The chips and products that infringe the Intel patents, designed by Irvine-based Broadcom subsidiary Altima Communications Inc., are made overseas.
BUSINESS
January 28, 2005 | From Bloomberg News
Microchip maker Broadcom Corp. said fourth-quarter profit climbed to $71.1 million after sales rose for the 11th straight period. Net income increased to 20 cents a share from $6.08 million, or 2 cents a share, a year earlier, the Irvine-based company said. Sales rose 13% to $539.4 million. Alan "Lanny" Ross, in his final quarter as chief executive, managed to weather a glut of chips in the satellite industry and report Broadcom's highest profit ever by expanding into wireless products.
BUSINESS
May 8, 2007 | From Times Staff and Wire Reports
A judge Monday denied a request by Broadcom Corp. founders Henry Nicholas and Henry Samueli and other company directors to dismiss a lawsuit filed by investors accusing them of improperly backdating stock options. U.S. District Judge Manuel Real made the ruling at a hearing in Los Angeles federal court without further comment. Real last month denied a similar motion by the Irvine-based company to dismiss the case for lack of merit.
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