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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST

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To: Roger Hess who wrote (3243)12/10/1999 9:21:00 AM
From: DJBEINO   of 6531
 
Conexant's Cable Modem Fails Certification, L.A. Times Reports
12/10/99 4:59:00 AM
Source: Bloomberg News
Los Angeles, Dec. 10 (Bloomberg) -- Conexant Systems Inc.'s cable modem design failed to win certification from Cable Television Laboratories, an industry standards group, the Los Angeles Times reported, citing unnamed industry analysts. Staff at Conexant said last week it would be the first technology company to pass CableLabs' rigorous tests on the first try and CableLabs officials declined to comment on why the design didn't pass, the newspaper said. Without CableLabs' certification, modem manufacturers won't use Conexant's design in products aimed at the U.S. market, which is dominated by rival Broadcom Corp., the No. 1 maker of chips for cable modems and digital set-top boxes used by the cable television industry, the L.A. Times reported.

Conexant's net income in the quarter ended Sept. 30 was $38 million, or 36 cents a share, compared with a loss of $233.8 million, or $2.45 a share, a year earlier. (L.A. Times 12/10 C3) For the L.A. Times Web site, type LATM
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