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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?

To: Patriarch who wrote (393)	9/30/1998 6:10:00 PM
From: Patriarch	Respond to of 6531

Broadcom Corporation AnnouncesPreliminary Third Quarter Results September 30, 1998 05:55 PM IRVINE, Calif.--(BUSINESS WIRE)--Sept. 30, 1998--Broadcom Corporation BRCM today announced estimated preliminary results for the third quarter ending September 30, 1998, subject to final review and confirmation. The Company announced these results in conjunction with its filing of a registration statement with the Securities and Exchange Commission for a proposed offering of 3,000,000 shares of its Class A Common Stock, 2,607,500 of which are to be sold by selling shareholders and 392,500 of which are to be sold by the Company. The Company expects to report total revenue for the three months ending September 30, 1998 of approximately $52.0 to $52.5 million. The Company expects to report diluted earnings per share for the quarter of approximately $0.16 to $0.17. The Company expects to release its actual results for the quarter ending September 30, 1998 on or about October 12, 1998. 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, Calif., and can be reached at 949/450-8700 or at broadcom.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This release may contain forward-looking statements involving risks and uncertainties that may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements. Important factors that may cause such a difference for Broadcom include, but are not limited to, the volume of product sales and pricing concessions on volume sales; the timing, rescheduling or cancellation of significant customer orders; the loss of a significant customer; the timing of customer qualification and industry interoperability certification of new products; the rate of adoption by customers and end-users of new and emerging technologies in the high-speed data networking, cable set-top box, cable modem, direct broadcast satellite and terrestrial digital broadcast, and digital subscriber line (xDSL) markets; the rate of adoption and acceptance of new industry standards in the foregoing markets; the Company's ability to specify, develop, introduce and market new products and technologies on a timely basis; the qualification, availability and pricing of competing products and technologies from other vendors; fluctuations in manufacturing yields and other problems or delays in the fabrication, assembly, testing or delivery of products; uncertainties associated with international operations; the Company's ability to retain and hire key executives, technical personnel and other employees; problems or delays in achieving higher levels of design integration and in migrating product designs to smaller geometry processes; intellectual property disputes; changes in product or customer mix; the quality of the Company's products; the level of orders received that can be shipped in a quarter; the effects on operations and management of facility relocations; general economic conditions and market conditions in the markets addressed by Broadcom; and the other factors discussed in the Company's filings from time to time with the Securities and Exchange Commission, including but not limited to the Registration Statement on Form S-1 (Amendment No. 6) and Final Prospectus dated April 16, 1998, the Registration Statement on Form S-1 dated September 30, 1998, and the Company's quarterly filings on Form 10-Q. Broadcom disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.