Key Developments For Broadcom Corp
Broadcom Corp (BRCM.O) (Nasdaq)
Broadcom Corporation To Acquire Dune Networks
Broadcom Corporation announced that it has signed a definitive agreement to acquire Dune Networks, a privately-held company that develops switch fabric solutions for data center networking equipment. In connection with the acquisition, Broadcom expects to pay approximately $178 million, net of cash assumed from Dune Networks, to acquire all of the outstanding shares of capital stock and other rights of Dune Networks. The purchase price will be paid in cash, except that a portion of such purchase price attributable to unvested employee stock options will be paid in Broadcom restricted stock units. A portion of the cash consideration payable to the stockholders will be placed into escrow pursuant to the terms of the acquisition agreement. The closing, which is expected to occur by the end of Broadcom's first quarter ending March 31, 2010.
New MoGo Talk Headsets Utilize Broadcom Corporation's Bluetooth Technology For Trailblazing Designs While Maximizing User Convenience
Broadcom Corporation announced that Newton Peripherals, maker of MoGo Mouse, has selected Broadcom's Bluetooth technology for the new MoGo Talk headset. MoGo Talk is a wireless headset that can be stored and recharged within the plastic bodies of notebook PCs and cellular handsets. Current MoGo Talk designs support the Apple iPhone, two popular BlackBerry devices (the Curve and the Javelin) and a host of notebook PCs with voice over IP (VoIP) capabilities.
Broadcom Corporation Comments On Q4 2009 Revenue Outlook
Broadcom Corporation announced that for fourth quarter of 2009, it expects total net revenue to be flat. According to Reuters Estimates, analysts were expecting the Company to report revenues of $1.19 billion for the same period.
Broadcom Corporation Settles With Shareholders Suit-Reuters
Reuters reported that Broadcom Corporation could receive reimbursements from insurers for up to $118 million in partial settlement of a shareholder lawsuit subject to court approval. The payments are insurers reimbursements by Broadcom's directors and officers' liability insurers.
Emulex Corporation Comments on Patent Complaint By Broadcom Corporation
Emulex Corporation announced that it reviewing the patents associated with the complaint filed by Broadcom Corporation.
