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Broadcom Corp

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.
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BUSINESS
October 25, 2007 | Michelle Quinn, Times Staff Writer
Broadcom Corp. executives have a vision of the Irvine chip maker eventually supplying all the brains and power in cellphones, but Wall Street wasn't waiting Wednesday for that to happen. Company shares cratered, losing $7.14, or 17%, to $34.92 after the company said late Tuesday that research and development expenses were higher than normal and would continue to be high.
BUSINESS
October 25, 2007 | E. Scott Reckard, Times Staff Writer
Saying he is ready to return to philanthropy after years of personal crises, Broadcom Corp. co-founder Henry T. Nicholas III said Wednesday that he would give $100 million over the next five years to support education and other charitable interests. Nicholas said that details of his financial commitments would be announced in a few weeks, but that those benefiting from his largess would include youth sports, medical research and troops in the Middle East.
BUSINESS
October 24, 2007 | From Times Wire Services
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.
BUSINESS
October 16, 2007 | From Times Wire Services
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.
BUSINESS
October 9, 2007 | From Times Wire Services
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.
BUSINESS
September 13, 2007 | From Bloomberg News
Qualcomm Inc. won an appeals court ruling Wednesday that lets customers import new mobile-phone models with its chips into the U.S. while the company fights a trade agency's finding that the technology infringes a Broadcom Corp. patent. The U.S. Court of Appeals for the Federal Circuit put on hold a ban imposed in June by the U.S. International Trade Commission.
BUSINESS
September 5, 2007 | From Bloomberg News
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.
BUSINESS
August 15, 2007 | From Bloomberg News
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.
BUSINESS
August 11, 2007 | From Bloomberg News
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.
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