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From:alerts@alerts.equityalert.com
To:alewis@ect.enron.com
Subject:Your News Alert for BRCM
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Date:Wed, 6 Jun 2001 15:44:57 -0700 (PDT)


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=09 As requested, your News Alert for BRCM follows from EquityAlert.com. =
Broadcom Updates Second Quarter 2001 Financial Outlook; Conference Call =
Scheduled Thursday, June 7, 8:45 a.m. Eastern Time IRVINE, Calif., Jun 6,=
2001 (BUSINESS WIRE) -- Broadcom Corporation (Nasdaq:BRCM) today updated t=
he outlook for its financial performance for the second quarter ending June=
30, 2001. "The continued weakness in the technology sector requires that=
we lower expectations for second quarter revenue to a decrease of between =
32% and 35% from the first quarter," said Dr. Henry T. Nicholas III, Broadc=
om's President and CEO. "Although current demand conditions continue to be =
soft, we are starting to see some signs of stabilization in the business fo=
r the second half of the year. We also continue to introduce new market-lea=
ding products and to gain important design wins with customers that positio=
n us well to compete effectively in our markets as the economy recovers." =
"In response to the numerous acquisitions made in the last two years and t=
he current more challenging economic climate, we are taking steps to stream=
line our business," Nicholas continued. "Accordingly, in the first quarter =
earnings conference call on April 18, we indicated that we were conducting =
a thorough review of all of our business units with the intent of making re=
ductions in some areas and increasing the level of strategic investment in =
others. We are beginning to implement these plans during the current quarte=
r. This will result in business unit re-alignment, net staffing reductions,=
facility consolidations, and other actions that will result in an associat=
ed charge to be taken during the second quarter." Conference Call Broadc=
om will conduct a conference call with analysts and investors to discuss it=
s updated second quarter outlook tomorrow (Thursday June 7) at 8:45 a.m. Ea=
stern Time (5:45 a.m. Pacific Time). The company will broadcast the confere=
nce over the Internet. To listen to the call, please visit the Investor Inf=
ormation section of the Broadcom Website at www.broadcom.com/investor or go=
to www.streetfusion.com. The Webcast will be recorded and available for re=
play until 5:00 p.m. Pacific Time on June 14, 2001. About Broadcom Broad=
com Corporation is the leading provider of highly integrated silicon soluti=
ons that enable broadband communications and networking of voice, video and=
data services. Using proprietary technologies and advanced design methodol=
ogies, Broadcom designs, develops and supplies complete system-on-a-chip so=
lutions and related applications for digital cable set-top boxes and cable =
modems, high-speed local, metropolitan and wide area and optical networks, =
home networking, Voice over Internet Protocol (VoIP), carrier access, resid=
ential broadband gateways, direct broadcast satellite and terrestrial digit=
al broadcast, digital subscriber lines (xDSL), wireless communications, Sys=
tem I/O(TM) server solutions and network processing. Broadcom is headquarte=
red in Irvine, Calif., and may be contacted at 949-450-8700 or at www.broad=
com.com. Safe Harbor Statement under the Private Securities Litigation =
Reform Act of 1995: This release and our comments during the conference =
call may contain forward-looking statements that are based on our current e=
xpectations, estimates and projections about our industry, and reflect mana=
gement's beliefs and certain assumptions made by us based upon information =
available to us at this time. Words such as "anticipates," "expects," "inte=
nds," "plans," "believes," "seeks," "estimates," "may," "will" and variatio=
ns of these words or similar expressions are intended to identify forward-l=
ooking statements. In addition, any statements that refer to expectations, =
projections or other characterizations of future events or circumstances, i=
ncluding any underlying assumptions, are forward-looking statements. These =
statements speak only as of the date hereof. Such information is subject to=
change, and we will not necessarily inform you of such changes. These stat=
ements are not guarantees of future performance and are subject to risks, u=
ncertainties and assumptions that are difficult to predict. Therefore, our =
actual results could differ materially and adversely from those expressed i=
n any forward-looking statements as a result of various factors. Importan=
t factors that may cause such a difference for Broadcom include, but are no=
t limited to, general economic conditions and specific conditions in the ma=
rkets we address, including the recent significant economic slowdown in the=
technology sector and semiconductor industry; the timing, rescheduling or =
cancellation of significant customer orders; the loss of a key customer; th=
e effectiveness of our expense and product cost control and reduction effor=
ts; changes in our product or customer mix; results of changes in our accou=
nting for performance-based warrants; our ability to specify, develop or ac=
quire, complete, introduce, market and transition to volume production new =
products and technologies in a timely manner; the timing of customer-indust=
ry qualification and certification of our products and the risks of non-qua=
lification or non-certification; the rate at which our present and future c=
ustomers and end-users adopt Broadcom's technologies and products in our ta=
rget markets; delays in the adoption and acceptance of industry standards i=
n those markets; the volume of our product sales and pricing concessions on=
volume sales; the qualification, availability and pricing of competing pro=
ducts and technologies and the resulting effects on sales and pricing of ou=
r products; intellectual property disputes and customer indemnification cla=
ims and other types of litigation risk; the availability and pricing of fou=
ndry and assembly capacity and raw materials; the risks inherent in our acq=
uisitions of technologies and businesses, including the successful completi=
on of technology and product development through volume production, integra=
tion issues and costs, and contractual, intellectual property and other iss=
ues; fluctuations in the manufacturing yields of our third party semiconduc=
tor foundries and other problems or delays in the fabrication, assembly, te=
sting or delivery of our products; the risks of producing products with new=
suppliers and at new fabrication and assembly facilities; problems or dela=
ys that we may face in shifting our products to smaller geometry process te=
chnologies and in achieving higher levels of design integration; the effect=
s of new and emerging technologies; the risks and uncertainties associated =
with our international operations; our ability to retain and hire key execu=
tives, technical personnel and other employees in the numbers, with the cap=
abilities, and at the compensation levels needed to implement our business =
and product plans; the quality of our products and any remediation costs; t=
he effects of natural disasters and other events beyond our control; the le=
vel of orders received that can be shipped in a fiscal quarter; and other f=
actors. Our Annual Report on Form 10-K, recent Quarterly Report on Form 1=
0-Q, recent Current Reports on Forms 8-K and 8-K/A, and other Securities an=
d Exchange Commission filings discuss some of the important risk factors th=
at may affect our business, results of operations and financial condition. =
We undertake no obligation to revise or update publicly any forward-looking=
statements for any reason. Note to Editors: Broadcom(R), the pulse logo(=
R), and SystemI/O(TM) are trademarks of Broadcom Corporation and/or its aff=
iliates in the United States and certain other countries. All other tradema=
rks mentioned are the property of their respective owners. CONTACT: =
Broadcom Corporation, Irvine Bill Blanning or Eileen =
Algaze (business press) 949/585-5555 or 949/585-5971 =
Corporate Communications blanning@broadcom.=
com ealgaze@broadcom.com or =
Nick Kormeluk, 949/585-6932 (investor relations) D=
irector, Investor Relations nickk@broadcom.com URL: =
http://www.businesswire.com Today's News On The Net - Business Wire=
's full file on the Internet with Hyperlinks to your home page. Copyright =
(C) 2001 Business Wire. All rights reserved. -0- KEYWORD: CALI=
FORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS TELECOMMUN=
ICATIONS NETWORKING INTERNET =
EARNINGS CONFERENCE CALLS [=
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