3Q 2011:1.96B, 0.48
4Q 2011: 1.7-1.8B
Broadcom Corporation’s stock price fell as the company expects further reduction in earnings in Q4 since it will be spending on R&D. The company’s Q3 results were 2 cents per share below analysts’ earnings estimates. The company spent 27 percent of its Q3 revenue in R&D, compared to its initial target of 20-22 percent. It expects to continue its spending on new projects in a similar way, until it starts generating revenue from the projects.
The Bush administration upheld the International Trade Commission's ban of certain cell phones with Qualcomm technology because of patent infringement issues with Broadcom. The ban went into effect on August 7, 2007.
The US International Trade Commission determines that certain cell phones including Qualcomm technologies that infringe on Broadcom patents will be banned starting August 7, 2007.
Broadcom announced that it expects revenue in the second quarter to be between $890 and $905 million, considerably lower than the average analyst estimate of $939 million.
Broadcom announces plans to acquire LVL7 Systems, a developer of networking software that helps OEMs function more efficiently.