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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Norrin Radd who wrote (4578)	1/28/1999 4:00:00 PM
From: DJBEINO	Respond to of 9582

Alliance owned approximately 28.4% of Maverick's Alliance approves Maverick merger SAN JOSE -- Alliance Semiconductor Inc. today said it has approved the merger between Maverick Networks Inc. and Broadcom Corp., which was announced Wednesday (see Jan. 27 story). Last February, Alliance invested in Maverick, a San Jose startup, and licensed technology to the company to assist it in developing integrated chips for multi-layer network switches. At the signing of the merger agreement, Alliance owned approximately 28.4% of Maverick's total outstanding shares. As reported by Broadcom, the agreement has been approved by the boards of directors of both companies and is expected to close in approximately 90 days. semibiznews.com

To: Norrin Radd who wrote (4578)	1/28/1999 4:34:00 PM
From: DJBEINO	Respond to of 9582

Broadcom's earnings, revenue soar in 4Q By Mark LaPedus Electronic Buyers' News (01/26/99, 06:19:24 PM EDT) Citing strong demand in the LAN/WAN, set-top box, and other markets, Broadcom Corp. reported sales of $70.1 million for its fourth quarter ended December 31, an increase of 306% over the $17.3 million posted in the like period a year ago. Net income for the high-flying, Irvine, Calif.-based supplier of communication ICs was $12.8 million during the quarter, compared to $2.5 million in the like period a year ago. For the year, Broadcom reported sales of $203.1 million, an increase of 450% over the $37.0 million posted in 1997. Net income for 1998 was $36.4 million, compared with a loss of $1.2 million last year. Henry T. Nicholas III, Broadcom's President and CEO, attributed the results to strong demand for its products in the digital set-top box and networking markets. ebnews.com