Key Developments: Broadcom Corp (BRCM.O)

BRCM.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Broadcom Corp to offer senior notes
Thursday, 24 Jul 2014 09:37am EDT 

Broadcom Corp:Announces its intention to offer, two tranches of Senior Notes due 2024 and 2044 under an effective shelf registration statement on Form S-3, on file with the Securities and Exchange Commission.Expects to use the net proceeds from the offering for general corporate purposes, which may include the potential redemption, subject to market conditions, of Broadcom's 2.375 pct Senior Notes due 2015.J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.  Full Article

Broadcom Corp gives Q3 2014 revenue outlook in line with analysts' estimates
Tuesday, 22 Jul 2014 04:05pm EDT 

Broadcom Corp:Expects Q3 2014 total net revenue in the range of $2.10 billion to $2.25 billion.Q3 2014 revenue of $2.188 billion - Thomson Reuters I/B/E/S.  Full Article

Trend Micro Inc and Broadcom Corp collaborate to provide home gateway security solution
Monday, 2 Jun 2014 09:00pm EDT 

Trend Micro Inc:Says a joint collaboration with Broadcom Corp in development of integrated security solution optimized to protect home security networks from cyber threats and improve network visibility without compromising performance.  Full Article

Broadcom Corporation reaffirms Q2 2014 revenue guidance - Conference Call
Monday, 2 Jun 2014 09:00am EDT 

Broadcom Corporation:Says its view on Q2 2014 revenue is unchanged at roughly $2 billion to $2.1 billion.Q2 2014 revenue of $2.05 billion - Thomson Reuters I/B/E/S.  Full Article

Broadcom declares quarterly dividend
Tuesday, 13 May 2014 01:07pm EDT 

Broadcom Corp:Declares quarterly cash dividend of $0.12 per share to holders of the company's common stock.Payable on June 16 to holders of record of the company's Class A and Class B common stock at the close of business on May 30.  Full Article

Broadcom Corp gives Q2 2014 revenue outlook in line with analysts' estimates
Thursday, 24 Apr 2014 04:11pm EDT 

Broadcom Corp:Expects Q2 2014 total net revenue in the range of $2.0-$2.1 bln.Q2 2014 revenue of $2.0 bln - Thomson Reuters I/B/E/S.  Full Article

Lava selects Broadcom Corp's Quad-Core HSPA+ Turnkey platform to power new QPAD Tablet
Wednesday, 16 Apr 2014 08:00am EDT 

Broadcom Corp:Says Lava International Limited, selected Broadcom's quad-core HSPA+ turnkey platform for Lava's newly released QPAD e704 tablet.  Full Article

Broadcom Corp completes sale of certain ethernet controller-related assets to QLogic
Thursday, 13 Mar 2014 04:15pm EDT 

Broadcom Corp:Completed the sale of certain Ethernet controller-related assets to QLogic Corporation.Sale includes certain 10/40/100Gb Ethernet controller-related assets and non-exclusive licenses to intellectual property.In connection with the transaction, Broadcom and QLogic have entered into a long-term supply agreement whereby Broadcom will become ASIC supplier to QLogic in support of the NetXtreme II product line.  Full Article

Broadcom Corp collaborates with Datang Mobile to develop 4G LTE small cell solution
Tuesday, 25 Feb 2014 08:10am EST 

Broadcom Corp:Datang Mobile (DTM), a core subsidiary of Datang Telecom Technology and Industry Group, has selected Broadcom's dual-mode TD-SCDMA/TD-LTE system-on-chip (SoC).To develop a new family of enterprise and residential small cell solutions.  Full Article

Broadcom Corp and QLogic Corp announce sale and purchase of certain ethernet controller-related assets and entry into ASIC partnership
Tuesday, 18 Feb 2014 04:15pm EST 

Broadcom Corp:Enters into definitive agreement under which QLogic will acquire certain 10/40/100Gb Ethernet controller-related assets and non-exclusive licenses to certain intellectual property relating primarily to Broadcom's programmable NetXtreme(reg) II Ethernet controller family.Says the total deal consideration is about $147 mln in cash.Says in connection with the transaction, Broadcom and QLogic will enter into a long-term supply agreement whereby Broadcom will become ASIC supplier to QLogic in support of the NetXtreme II product line.Says concurrent with the closing, it is expected QLogic will license certain Broadcom patents under a non-exclusive patent license agreement that will cover QLogic's Fibre Channel products in exchange for a license fee of $62 mln.  Full Article

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Broadcom cuts 2,500 jobs in wind-down of baseband unit

SAN FRANCISCO - Broadcom Corp said on Tuesday it is winding down its money-losing cellular baseband chip business and cutting one-fifth of its total workforce, instead of selling the unit.

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