Eddy Hartenstein and William Morrow Join Broadcom Board of Directors

IRVINE, Calif., June 19 /PRNewswire-FirstCall/ -- Broadcom Corporation
(Nasdaq: BRCM) today announced that Eddy W. Hartenstein, former Chairman and
Chief Executive Officer of DIRECTV, Inc., and William T. Morrow, Chief
Executive Officer of Pacific Gas & Electric Company, have joined the Broadcom
Board of Directors.
Mr. Hartenstein, 57, a leading force in the development of modern-day
satellite television, served in roles as DIRECTV's CEO, Chairman, Vice
Chairman and President from the company's inception in 1990 until 2004,
including as Vice Chairman of The DIRECTV Group, Inc. (formerly Hughes
Electronics Corporation) from 2003 to 2004. He also served in senior executive
positions at Hughes Communications, Inc., a satellite-based communications
provider, and Equatorial Communications Services Company, a provider of
telephony and data distribution services.
Mr. Hartenstein is a member of the National Academy of Engineering and was
inducted into the Broadcasting and Cable Hall of Fame in 2002. He received an
Emmy(R) Award for lifetime achievement from the National Academy of Television
Arts and Sciences in 2007.
He earned B.S. degrees in Aerospace Engineering and Mathematics from
California State Polytechnic University at Pomona, California, and an M.S. in
Applied Mechanics from the California Institute of Technology in Pasadena,
California.
Mr. Morrow, 48, joined PG&E in 2006 as President and Chief Operating
Officer, and became Chief Executive Officer in 2007. Prior to PG&E, he served
in a number of senior executive positions at international mobile
communications group Vodafone Ltd. and Vodafone Group PLC, including Chief
Executive Officer of Vodafone, Europe, and President of Vodafone KK in Japan.
He also served in senior executive positions in Europe and Japan for wireless
telecommunications carrier Airtouch International, including a Brussels-based
assignment as Chief Technology Officer for Airtouch's Belgacom
Mobile-Proximus.
A graduate of Condie College and National University in San Diego,
California, where he received B.S. degrees in Electrical Engineering and
Business Administration, respectively, and a veteran of the U.S. Navy, Mr.
Morrow began his telecommunications career at Pacific Bell, where he served
from 1980 to 1994.
"We are very pleased to have both of these very seasoned, experienced and
successful executives join our Board," said Scott A. McGregor, Broadcom's
President and Chief Executive Officer.
"Prior to joining PG&E, Bill built a global reputation in the
telecommunications industry as a 'can do' executive who made significant
contributions in terms of operating efficiencies, customer service and value
creation at multi-billion dollar wireless and wireline businesses in Asia and
Europe," Mr. McGregor said. "At DIRECTV, Eddy was both a strategist and an
operational expert whose drive, determination, leadership and technical
expertise were key to guiding the company from an upstart into a major
competitive consumer service."
"We look forward to their contributions and seasoned counsel as we pursue
our many global opportunities for growth," Mr. McGregor said.
Broadcom's Board of Directors now has eight members, of which seven are
independent directors. The members of the Board are: George L. Farinsky; Nancy
H. Handel; Mr. Hartenstein; Chairman John E. Major; Mr. McGregor; Mr. Morrow;
Alan E. Ross; and Robert E. Switz.
About Broadcom
Broadcom Corporation is a major technology innovator and global leader in
semiconductors for wired and wireless communications. Broadcom products enable
the delivery of voice, video, data and multimedia to and throughout the home,
the office and the mobile environment. We provide the industry's broadest
portfolio of state-of-the-art system-on-a-chip and software solutions to
manufacturers of computing and networking equipment, digital entertainment and
broadband access products, and mobile devices. These solutions support our
core mission: Connecting everything(R).
Broadcom is one of the world's largest fabless semiconductor companies,
with 2007 revenue of $3.78 billion, and holds over 2,600 U.S. and 1,200
foreign patents, more than 7,450 additional pending patent applications, and
one of the broadest intellectual property portfolios addressing both wired and
wireless transmission of voice, video, data and multimedia.
Broadcom is headquartered in Irvine, Calif., and has offices and research
facilities in North America, Asia and Europe. Broadcom may be contacted at
+1.949.926.5000 or at http://www.broadcom.com.
Cautions regarding Forward Looking Statements:
All statements included or incorporated by reference in this release,
other than statements or characterizations of historical fact, are
forward-looking statements. These forward-looking statements are based on our
current expectations, estimates and projections about our industry and
business, management's beliefs, and certain assumptions made by us, all of
which are subject to change. Forward-looking statements can often be
identified by words such as "anticipates," "expects," "intends," "plans,"
"predicts," "believes," "seeks," "estimates," "may," "will," "should,"
"would," "could," "potential," "continue," "ongoing," similar expressions, and
variations or negatives of these words. Examples of such forward-looking
statements include, but are not limited to the expected contributions of
Messrs. Hartenstein and Morrow to the Board and Broadcom's global growth
opportunities. These forward-looking statements are not guarantees of future
results and are subject to risks, uncertainties and assumptions that could
cause our actual results to differ materially and adversely from those
expressed in any forward-looking statement.
These risks and uncertainties include, but are not limited to:
-- general economic and political conditions and specific conditions in
the markets we address, including the continuing volatility in the technology
sector and semiconductor industry, trends in the broadband communications
markets in various geographic regions, including seasonality in sales of
consumer products into which our products are incorporated, and possible
disruption in commercial activities related to terrorist activity or armed
conflict;
-- the timing, rescheduling or cancellation of significant customer
orders and our ability, as well as the ability of our customers, to manage
inventory;
-- the gain or loss of a key customer, design win or order;
-- the rate at which our present and future customers and end-users adopt
Broadcom's technologies and products in our target markets;
-- our ability to scale our operations in response to changes in demand
for our existing products and services or demand for new products requested by
our customers;
-- our ability to specify, develop or acquire, complete, introduce,
market and transition to volume production new products and technologies in a
cost-effective and timely manner;
-- our dependence on a few significant customers for a substantial
portion of our revenue;
-- risks and uncertainties resulting from Broadcom's recent equity award
review, including potential claims and proceedings related to such matters,
such as shareholder litigation and any action by the SEC, U.S. Attorney's
Office or other governmental agency that could result in civil or criminal
sanctions against the company and/or certain of our current or former
officers,
directors or employees, or other actions taken or required as a result of the
review;
-- intellectual property disputes and customer indemnification claims and
other types of litigation risk;
-- our ability to retain, recruit and hire key executives, technical
personnel and other employees in the positions and numbers, with the
experience and capabilities, and at the compensation levels needed to
implement our business and product plans;
-- the effectiveness of our expense and product cost control and
reduction efforts;
-- the quality of our products and any potential remediation costs;
-- the availability and pricing of third party semiconductor foundry,
assembly and test capacity and raw materials;
-- the risks of producing products with new suppliers and at new
fabrication and assembly and test facilities;
-- problems or delays that we may face in shifting our products to
smaller geometry process technologies and in achieving higher levels of design
integration;
-- our ability to timely and accurately predict market requirements and
evolving industry standards and to identify opportunities in new markets;
-- delays in the adoption and acceptance of industry standards in our
target markets;
-- changes in our product or customer mix;
-- the volume of our product sales and pricing concessions on volume
sales;
-- competitive pressures and other factors such as the qualification,
availability and pricing of competing products and technologies and the
resulting effects on sales and pricing of our products;
-- the timing of customer-industry qualification and certification of our
products and the risks of non-qualification or non-certification;
-- fluctuations in the manufacturing yields of our third party
semiconductor foundries and other problems or delays in the fabrication,
assembly, testing or delivery of our products;
-- the risks and uncertainties associated with our international
operations, particularly in light of terrorist activity, armed conflict or
political unrest; and
-- the level of orders received that can be shipped in a fiscal quarter.
Broadcom(R), the pulse logo, Connecting everything(R) and the Connecting
everything logo are among the trademarks of Broadcom Corporation and/or its
affiliates in the United States, certain other countries and/or the EU. Any
other trademarks or trade names mentioned are the property of their respective
owners.
Broadcom Business Press Contact
Bill Blanning
Vice President, Global Media Relations
949-926-5555
blanning@broadcom.com

Broadcom Financial Analyst Contact
T. Peter Andrew Vice President, Corporate Communications
Investor Relations
949-926-5663
pandrew@broadcom.com

SOURCE Broadcom Corporation; BRCM Corporate

Broadcom Business Press Contact, Bill Blanning, Vice President, Global Media
Relations, +1-949-926-5555, blanning@broadcom.com, or Broadcom Financial
Analyst Contact, T. Peter Andrew, Vice President, Corporate Communications,
Investor Relations, +1-949-926-5663, pandrew@broadcom.com, both of Broadcom
Corporation