Monday, December 13, 2010

Broadcom Boosts Financial Guidance for Q4

Broadcom increased its financial guidance for the Q4 2010 to the top end of the prior range of approximately $1.9 billion. Product Gross Margin (GAAP) is expected to be down slightly sequentially due to warranty and excess & obsolete charges. The company held its Analysts Day on Tuesday.

"Our increased revenue guidance reflects stronger than expected demand for products in our Mobile and Wireless markets versus our initial expectations entering the quarter," said Scott McGregor, President and Chief Executive Officer of Broadcom.

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