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BROADCOM COMPLETES ACQUISITION OF TEKNOVUS
--------------------------------------------------------------------------------
News provided by
Broadcom Corporation; BRCM Corporate
Mar 08, 2010, 08:15 ET
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IRVINE, Calif., March 8 /PRNewswire-FirstCall/ -- Broadcom Corporation (Nasdaq:
BRCM), a global leader in semiconductors for wired and wireless communications,
today announced that it has completed the acquisition of Teknovus, a leading
supplier of Ethernet Passive Optical Network (EPON) chipsets and software.
In connection with the acquisition, Broadcom paid approximately $123 million to
acquire all of the outstanding shares of capital stock and other rights of
Teknovus. The purchase price was paid in cash, with a portion placed into escrow
pursuant to the terms of the acquisition agreement.
About Broadcom
Broadcom Corporation is a major technology innovator and global leader in
semiconductors for wired and wireless communications. Broadcom® products enable
the delivery of voice, video, data and multimedia to and throughout the home,
the office and the mobile environment. We provide the industry's broadest
portfolio of state-of-the-art system-on-a-chip and software solutions to
manufacturers of computing and networking equipment, digital entertainment and
broadband access products, and mobile devices. These solutions support our core
mission: Connecting everything®.
Broadcom, one of the world's largest fabless semiconductor companies, with 2009
revenue of $4.49 billion, holds more than 3,800 U.S. and 1,550 foreign patents,
and has more than 7,800 additional pending patent applications, and one of the
broadest intellectual property portfolios addressing both wired and wireless
transmission of voice, video, data and multimedia.
A FORTUNE 500® company, Broadcom is headquartered in Irvine, Calif., and has
offices and research facilities in North America, Asia and Europe. Broadcom may
be contacted at +1.949.926.5000 or at www.broadcom.com.
Cautions regarding Forward Looking Statements:
All statements included or incorporated by reference in this release, other than
statements or characterizations of historical fact, are forward-looking
statements. These forward-looking statements are based on our current
expectations, estimates and projections about our industry and business,
management's beliefs, and certain assumptions made by us, all of which are
subject to change. Forward-looking statements can often be identified by words
such as "anticipates," "expects," "intends," "plans," "predicts," "believes,"
"seeks," "estimates," "may," "will," "should," "would," "could," "potential,"
"continue," "ongoing," similar expressions, and variations or negatives of these
words. Examples of such forward-looking statements include, but are not limited
to, statements regarding anticipated customer responses or potential future
product developments. These forward-looking statements are not guarantees of
future results and are subject to risks, uncertainties and assumptions that
could cause our actual results to differ materially and adversely from those
expressed in any forward-looking statement.
Additional factors that may cause Broadcom's actual results to differ materially
from those expressed in forward-looking statements include, but are not limited
to the list that can be found at
http://www.broadcom.com/press/additional_risk_factors/Q12010.php.
Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q,
recent Current Reports on Form 8-K, and other Securities and Exchange Commission
filings discuss the foregoing risks as well as other important risk factors that
could contribute to such differences or otherwise affect our business, results
of operations and financial condition. The forward-looking statements in this
release speak only as of this date. We undertake no obligation to revise or
update publicly any forward-looking statement, except as required by law.
Broadcom, the pulse logo, Connecting everything and the Connecting everything
logo are among the trademarks of Broadcom Corporation and/or its affiliates in
the United States, certain other countries and/or the EU. Any other trademarks
or trade names mentioned are the property of their respective owners.
Broadcom Trade Press Contact
Gennis Lafayette
Senior Manager, Corporate Communications
408-543-3413
gennisl@broadcom.com
Broadcom Investor Relations Contact
T. Peter Andrew
Vice President, Corporate Communications
949-926-5663
andrewtp@broadcom.com
SOURCE Broadcom Corporation; BRCM Corporate
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