September 20, 2008 |
Qualcomm Inc. must face an additional claim of patent infringement made by Broadcom Corp. before the U.S. International Trade Commission in Washington, an appeals court ruled Friday. The U.S. Court of Appeals for the Federal Circuit revived a claim that had been thrown out, involving a patent for transmitting radio frequency signals, against one type of Qualcomm chip.
August 6, 2008 |
Qualcomm Inc. asked a U.S. appeals court to reinstate its right to enforce patents for technology to transmit DVD-quality video over satellites, wireless devices and the Internet. Qualcomm, the world's largest maker of chips that run mobile phones, lost a court case in which it accused Broadcom Corp. of infringing two patents related to an industry standard to compress high-definition video. U.S. District Judge Rudi Brewster in San Diego said that Qualcomm lost the right to enforce those patents because it never told the standards-setting body about them.
July 23, 2008 |
Broadcom Corp. said Tuesday that profit jumped almost fourfold on higher sales of wireless chips. Second-quarter net income climbed to $134.8 million, or 25 cents a share, from $34.3 million, or 6 cents, a year earlier, the Irvine-based maker of chips for Nintendo Co.'s Wii video game console and Motorola Inc.'s television set-top boxes said. Sales gained 34% to $1.2 billion. Analysts surveyed by Bloomberg had predicted profit of 15 cents a share and revenue of $1.1 billion. Broadcom is selling more Bluetooth wireless chips that connect mobile phones to headsets and laptop computers, said Ruben Roy, an analyst at Pacific Crest Securities in Portland, Ore. Orders for semiconductors used in Motorola's television set-top boxes may also be countering slowing consumer demand for electronics, he said.
June 24, 2008 |
Technology billionaire and philanthropist Henry Samueli pleaded guilty Monday to a felony charge of lying to regulators about his role in an alleged plot to secretly reward his Broadcom Corp. employees by manipulating stock options. Under a deal with prosecutors, Samueli pleaded guilty in federal court in Santa Ana to making a false statement to the Securities and Exchange Commission. The government is recommending five years' probation and $12.
June 17, 2008 |
Henry T. Nicholas III, the billionaire co-founder of Broadcom Corp., pleaded not guilty in Santa Ana on Monday to 21 federal fraud and conspiracy counts accusing him of manipulating stock options to secretly reward employees of the Irvine microchip designer. Nicholas, 48, also answered to a separate four-count indictment accusing him of furnishing drugs to colleagues and associates and secretly spiking customers' drinks with Ecstasy. "Not guilty," he said in a firm voice, facing U.S.
June 6, 2008 |
Somewhere in the skies between Orange County and Las Vegas, federal prosecutors say, Broadcom Corp. co-founder and hard-partying billionaire Henry T. Nicholas III gave new meaning to the term "highflying." Winging their way to Sin City in 2001, Nicholas and his entourage generated so much marijuana smoke that it billowed into the cockpit, "requiring the pilot flying the plane to put on an oxygen mask," according to a federal grand jury indictment made public Thursday.
May 19, 2008 |
The Broadcom Corp. founders accused of engineering a massive stock fraud have always been a study in contrasts: Henry Samueli, the professorial strategist who bought the NHL's Anaheim Ducks, and Henry T. Nicholas III, the driven deal maker whose personal life has made headlines. The differences seem to extend to the lawyers they've chosen to defend them against federal allegations. Nicholas has hired a roomful of high-profile lawyers known for famous courtroom defenses, including Brendan V.
May 15, 2008 |
Seeking the best and brightest during the tech boom, Broadcom Corp. founders Henry T. Nicholas III and Henry Samueli tossed out millions of stock options to attract and reward favored employees, whose Porsches and Lamborghinis gleamed in the parking lot as they worked late into the night. On Wednesday, federal regulators accused the Orange County billionaires of manipulating the options illegally for five years.
April 23, 2008 |
Broadcom Corp. said Tuesday that profit rose 22%, beating analysts' estimates, on higher demand from communications equipment companies. First-quarter net income rose to $74.3 million, or 14 cents a share, from $61 million, or 10 cents, a year earlier, Irvine-based Broadcom said. Sales rose 15% to $1.03 billion, also beating analysts' projections. Sales of semiconductors to companies that make fixed-line phone equipment were higher than expected, Chief Executive Scott McGregor said.
April 19, 2008 |
Broadcom Corp. co-founder Henry T. Nicholas III checked into the Betty Ford Center earlier this week and will spend a month in an alcohol-rehabilitation program, the Orange County billionaire's attorney said. Nicholas, 48, is enmeshed in an acrimonious divorce and has been identified as "a potential unindicted co-conspirator" in a federal investigation of illegal backdating of Broadcom stock options.