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BUSINESS
December 20, 2000 | Dow Jones
Broadcom Corp. said it has completed its acquisition of Santa Clara chip-maker SiByte Inc. in a stock deal worth as much as $787.5 million, less than half of what the value was when the transaction was first announced. The Irvine communications chip maker, whose aggressive acquisition strategy has made it the fastest growing company in its industry, acquired SiByte for as many as 7.47 million shares. But since the agreement was announced Nov.
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BUSINESS
November 9, 2000 | From Times Staff and Wire Reports
Shares of communications chip maker Broadcom Corp. tumbled an additional 14% Wednesday amid continuing concerns that one of its major customers, Cisco Systems Inc., will cut down on orders. Broadcom shares have fallen nearly 31% in the two days since San Jose-based Cisco disclosed its mounting inventory problem and its decision to reduce the number of components on hand. The Irvine manufacturer's stock lost $24.69 Wednesday to close at $151.81 a share.
BUSINESS
January 26, 2001 | KAREN ALEXANDER, TIMES STAFF WRITER
After losing nearly 17% of its share price in Nasdaq trading Thursday, Broadcom Corp. endured an extra beating in the after-hours market after a key competitor warned it would fall short of forecasted results in the current quarter. Shares of Broadcom, the Irvine maker of high-speed communications chips, lost $20.94, or 16.7%, to close at $104 Thursday. In after-hours trading, the stock tumbled to $90 per share. Rival chip maker PMC-Sierra Inc.
BUSINESS
November 8, 2000 | KAREN ALEXANDER, TIMES STAFF WRITER
Shares of highflying chip maker Broadcom Corp. plunged nearly 20% on Tuesday on fears that one of its biggest customers, Cisco Systems Inc., will buy fewer semiconductors over the next six months. Shares of other chip makers also fell.
BUSINESS
February 28, 2001 | KAREN ALEXANDER, TIMES STAFF WRITER
For nearly two years, Irvine chip maker Broadcom Corp. dazzled Wall Street analysts with its explosive growth and voracious appetite for strategic acquisitions. But now, some of the company's admirers are questioning whether Broadcom's financial reporting practices on five acquisitions might have understated the real cost to the company. In what analysts say is an unusual arrangement, Broadcom encouraged five companies it was acquiring to issue warrants--rights to stock--in their companies.
BUSINESS
November 29, 2000 | KAREN ALEXANDER and ROBIN FIELDS, TIMES STAFF WRITERS
Broadcom Corp. said Tuesday that it will acquire an Israeli company that makes chips for digital video recording. But the news of the $677-million stock deal--the Irvine company's 12th purchase of the year--did not halt its precipitous fall on Wall Street and raised questions among analysts about the company's ability to sustain its aggressive expansion. Broadcom's stock tumbled another $12.50 Tuesday to close at a 52-week low of $85.06.
BUSINESS
November 7, 2000 | KAREN ALEXANDER, TIMES STAFF WRITER
Spending top dollar for new technologies and scarce engineering brain power, Broadcom Corp. said Monday it will buy a Santa Clara chip maker for $2.04 billion in stock--the most expensive acquisition in its long buying spree. Broadcom, already a leading maker of communications semiconductors, said the purchase of closely held SiByte Inc. will expand its line of chips for larger telecommunications networks.
BUSINESS
November 12, 2000 | Davan Maharaj and Myron Levin and Chuck Philips and James Bates and Charles Piller and Karen Alexander and Nancy Rivera Brooks and Elizabeth Douglass and Sharon Bernstein
1. Silent' Tire Recall Claimed: For more than four years, Goodyear Tire & Rubber Co. has quietly replaced thousands of failed tires fitted on vans, light trucks and sport-utility vehicles and wrote checks to customers, but only for those who complained, The Times reported.
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