Enron Mail

From:afternoon17@alerts.equityalert.com
To:alewis@ect.enron.com
Subject:Your News Alert for BRCM
Cc:
Bcc:
Date:Wed, 17 Oct 2001 20:06:46 -0700 (PDT)


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[IMAGE] [IMAGE] =09 As requested, your News Alert for BRCM follows from E=
quityAlert.com. Broadcom Reports Narrower Than Expected Loss - Update =
(RealTimeTraders.com) - Broadcom Corp. (BRCM), a leading provider of com=
munications chips, announced its third quarter financial results after the =
close of regular trading on Wednesday, reporting a narrower than expected l=
oss. Broadcom reported a pro forma net loss for the quarter of $34.0 milli=
on or 13 cents per share compared to a year ago profit of $78.7 million or =
30 cents per share. According to First Call, analysts had expected the comp=
any to report a loss of 16 cents per share. The company said revenue for t=
he quarter rose 1 percent to $213.6 million from $210.9 million in the same=
quarter last year. "We are now seeing an improved level of stability and =
visibility in the markets that we serve," said Dr. Henry T. Nicholas III, B=
roadcom's President and CEO. "As a result we have increased confidence that=
the steps we have taken and continue to take to scale and redistribute our=
investments are appropriate." Broadcom closed Wednesday's regular trading=
down $3.90 at $28.07 on a volume of 16.1 million shares. In after hours tr=
ading, Broadcom has regained 74 cents to trade at $28.81. Copyright© 2001=
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