Sunday, August 3, 2008

Broadcom Announces $1.0 Billion Share Repurchase Program

Broadcom's Board of Directors has authorized a new program to repurchase shares of Broadcom's Class A common stock having an aggregate value of up to $1.0 billion, depending on market conditions and other factors. Repurchases under the program may be made at any time during the period commencing July 31, 2008 and extending through and including July 31, 2011.

Since 2005, Broadcom has previously spent $2.43 billion to repurchase stock prior to the program announced today.