Sunday, December 7, 2008

Broadcom Updates Q4 Forecast

Broadcom updated its financial guidance, saying it now expects Q4 2008 net revenue of $1,050 to $1,100 million including AMD Digital TV (DTV) acquisition. This compares with prior guidance of $1,170 to $1,235 million excluding the AMD DTV acquisition.

"Despite the recent impact of the slowing economy, Broadcom experienced a very strong fiscal year from a product, financial and customer perspective. Broadcom continues to be in a very strong financial position and is committed to protecting our operating cash flow in this current environment" said Scott A. McGregor, Broadcom's President and Chief Executive Officer.

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