Wednesday, October 18, 2006

Broadcom Reports Net Revenue $902.6M, Down 4.1% Sequentially

Broadcom reported net revenue for the third quarter of 2006 of $902.6 million, a decrease of 4.1% from the $941.1 million reported for the second quarter of 2006 and an increase of 29.9% from the $695.0 million reported for the third quarter of 2005. Due to the pending restatement of the company's historical financial statements, the company did not provide in-depth financial numbers.

"Despite the current near-term industry-wide challenges, we continue to experience strong design win momentum," said Scott A. McGregor, Broadcom's President and Chief Executive Officer. "The markets in which we compete continue to be favorable for Broadcom. Our broad technology portfolio enabled us to win new designs across a broad set of large and growing markets, such as digital television, 3G cellular, and next-generation wireless functionality for game platforms."

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