Broadcom Corporation Announces Follow-on Offering of 3,000,000 Shares of Class A Common Stock
IRVINE, CALIFORNIA - October 21, 1998 - Broadcom Corporation (Nasdaq: BRCM) announced today a public offering of 3,000,000 shares of its Class A Common Stock at $69 per share. Of the shares offered, 392,500 shares were offered by the Company and 2,607,500 shares were offered by selling shareholders.
Morgan Stanley Dean Witter is acting as lead manager of the underwriting group, and BT Alex. Brown, Credit Suisse First Boston, Hambrecht & Quist and Merrill Lynch & Co. are serving as co-managers. Copies of the final prospectus relating to the offering may be obtained from any of the following:
Morgan Stanley Dean Witter
1585 Broadway
New York, NY 10036
Attn: Prospectus Dept.
Telephone: 212-761-6775
Hambrecht & Quist
One Bush Street
San Francisco, CA 94104
Telephone: 415-439-3300
BT Alex. Brown Incorporated
One South Street
Baltimore, MD 21202
Telephone: 410-727-1700 Merrill Lynch, Pierce, Fenner & Smith Incorporated
250 Vesey Street
New York, NY 10281
Attn: Preliminary Prospectus Dept.
Telephone: 212-449-1000
Credit Suisse First Boston
11 Madison Avenue
New York, NY 10010-3629
Attn: Prospectus Dept.
Telephone: 212-325-2580
The Company and certain selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of the Company's Class A Common Stock solely to cover underwriters' over-allotments. There can be no assurance that the over-allotment option will be exercised.
A registration statement relating to these securities was filed with and has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Broadcom
Broadcom Corporation is a leading developer of highly integrated silicon solutions that enable broadband digital data transmission to the home and within the business enterprise. Using proprietary technologies and advanced design methodologies, the Company has designed and developed integrated circuits for some of the most significant broadband communications markets, including the markets for cable set-top boxes, cable modems, high-speed networking, direct broadcast satellite and terrestrial digital broadcast, and digital subscriber line (xDSL). Broadcom is based in Irvine, California, and can be contacted at 949-450-8700.
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