Hope this would cheer all long term BRCM shareholders! Good Luck to all.
Thursday November 9, 4:30 am Eastern Time
Press Release
Broadcom Comfortable with Analysts' Estimates for Fourth Quarter
IRVINE, Calif.--(BUSINESS WIRE)--November 9, 2000--Broadcom Corporation (Nasdaq:BRCM - news) today commented on
investment analysts' estimates for its fourth fiscal quarter, ending December 31, 2000. Dr. Henry T. Nicholas III, President and CEO of Broadcom, stated: ``We are
very comfortable with analysts' estimates for the current quarter of a sequential quarter-to-quarter percentage revenue growth rate in the mid-teens (which would
represent a revenue increase of more than 125% over the fourth quarter of 1999) and of pro forma diluted earnings per share consistent with the estimate of a
majority of the analysts of $.31. Our business in broadband communications and enterprise networking chips continues to be strong, and nothing has occurred to reduce our confidence since our third quarter earnings conference call.''
Broadcom made the statement in light of the extraordinary market reaction this week in the wake of concerns expressed by some analysts regarding potential reduced demand in the current quarter for certain communications chips. The company said that it has not changed its general policy not to comment on analysts' estimates.
About Broadcom
Broadcom Corporation is the leading provider of highly integrated silicon solutions that enable broadband digital transmission of voice, video, and data. Using
proprietary technologies and advanced design methodologies, the company designs, develops and supplies integrated circuits for a number of the most significant
broadband communications markets, including the markets for cable set-top boxes, cable modems, high-speed local, metropolitan and wide area networks, home
networking, Voice over Internet Protocol (VoIP), carrier access, residential broadband gateways, direct broadcast satellite and terrestrial digital broadcast, optical
networking, digital subscriber lines (xDSL) and wireless communications. Broadcom is headquartered in Irvine, Calif., and can be contacted at 949-450-8700 or at
www.broadcom.com. |
