October 24, 2007 |
Broadcom Corp., the Irvine-based semiconductor maker, said Tuesday that profit fell 75% after an expansion into the mobile-phone market boosted research spending. Third-quarter net income dropped to $27.8 million, or 5 cents a share, from $110.2 million, or 19 cents, a year earlier, Broadcom said. Sales rose 5.2% to $950 million. Chief Executive Scott McGregor stepped up product research and development to challenge Texas Instruments Inc. and Qualcomm Inc. in the mobile-phone chip market.
October 16, 2007 |
Broadcom Corp. said it had developed an integrated third-generation high-speed wireless cellphone chip ahead of bigger rivals Texas Instruments Inc. and Qualcomm Inc. The Irvine-based company said it developed a single chip with a baseband -- the cellphone's main processor -- and a radio receiver as well as FM radio and Bluetooth, a short-range technology used for wirelessly linking handsets to headsets.
October 9, 2007 |
Shares of Irvine-based Broadcom Corp., a maker of chips for wireless devices, climbed after analysts said a new contract with Samsung Electronics Co. could increase the company's share of the cellphone-chip market. Broadcom said Monday that it had expanded its relationship with Samsung and would provide processors for the South Korean company's third-generation, or 3G, phones. Samsung is the world's second-largest cellphone maker.
September 5, 2007 |
A U.S. appeals court Tuesday revived most of a Broadcom Corp. antitrust lawsuit accusing Qualcomm Inc. of stifling competition for chips that run mobile telephones. Broadcom claimed that Qualcomm, the world's second-biggest maker of chips for mobile phones, refused to license its patents on fair terms to would-be competitors. A federal judge had dismissed the lawsuit, but the U.S. 3rd Circuit Court of Appeals reversed that decision.
August 15, 2007 |
Securities regulators may sue the top lawyer at wireless chip maker Broadcom Corp. for alleged backdating of stock options, the Irvine company said in a public filing Tuesday. The Securities and Exchange Commission sent a notice to David Dull, Broadcom's general counsel, that he faced a civil lawsuit from the government. Dull did not return a message left at his office.
August 11, 2007 |
Broadcom Corp. tentatively was awarded $39.3 million in damages plus attorney fees in a patent dispute with rival chip maker Qualcomm Inc. after a federal judge upheld a jury verdict that Qualcomm infringed three patents. U.S. District Judge James Selna doubled the $19.64-million jury award because the infringement was intentional, he said in a tentative ruling posted Friday on the website of the federal court in Santa Ana.
August 10, 2007 |
A former key assistant to Broadcom Corp. co-founder Henry T. Nicholas III turned himself in to face charges he violated banking laws. Craig S. Gunther surrendered at U.S. District Court in Santa Ana and was released on $5,000 bail. Federal prosecutors accuse him of withdrawing more than $500,000 from Nicholas' accounts in small increments to avoid federal reporting requirements on transactions over $10,000. Gunther's lawyer, Robert Corbin, said his client was innocent. U.S.
July 20, 2007 |
Stepping out of a raging dispute between two Southern California chip makers, Verizon Wireless said Thursday it would pay licensing fees to Broadcom Corp. to avoid a ban on importing new mobile phones. Irvine-based Broadcom will receive $6 per handset -- up to $200 million over the life of the agreement, the companies said -- so that Verizon can continue selling phones laden with the latest technology.
July 12, 2007 |
Chip maker Broadcom Corp. said emergency first-responders could continue using mobile phones with a battery-saving technology involved in a patent dispute with rival Qualcomm Inc. State and local agencies and private nonprofit organizations will be able to import mobile phones for public, safety and emergency response purposes, Irvine-based Broadcom said. The U.S.
June 29, 2007 |
Qualcomm Inc. of San Diego rejected an offer from smaller rival Broadcom Corp. to settle a patent dispute, saying it would cost as much as $2 billion. Irvine-based Broadcom is seeking $6 for every handset sold with a Qualcomm chip that was found to infringe a patent for a battery-saving feature, a Broadcom spokesman said. Qualcomm rejected the offer, made this week, and instead offered to pay $100 million and agree that the firms would give each other royalty-free access to patents.