================================================================
As requested, your News Alert for BRCM
follows from EquityAlert.com.
To edit/discontinue your alerts please refer to end of message.
PLEASE REVIEW THE NOTICE AND DISCLAIMER BELOW
================================================================

=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
=-=-=-=-=-=-=-==-=-=-=-= Paid Advertisement -=-=-=-=-=-=-=-=-=-=-=-
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=

FREE life insurance quotes.  Compare quotes from top-rated
companies INSTANTLY! Less than 30 seconds could SAVE you
hundreds of dollars a year:

http://205.210.134.51/a1.asp?ID=1528aa

AOL USERS: copy & paste the link above into your browser.
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=

Broadcom Reports First Quarter 2001 Results

IRVINE, Calif., Apr 18, 2001 (BUSINESS WIRE) -- Broadcom Corporation (Nasdaq:
BRCM), the leading provider of integrated circuits enabling broadband
communications, today reported financial results for the first fiscal quarter,
ended March 31, 2001.

Gross revenue for the first quarter was $318.1 million, an increase of 66% 
over
the $191.6 million reported in the first quarter of 2000 and a decrease of 16%
from the $378.8 million reported in the fourth quarter of 2000. Net revenue 
for
the first quarter was $310.5 million, an increase of 62% over the $191.6 
million
reported in the first quarter of 2000 and a decrease of 9% from the $340.2
million reported in the fourth quarter of 2000. Net revenue includes the
non-cash revenue deduction of the fair value of assumed performance-based
warrants earned by certain customers.

Pro forma net income was $24.2 million, or $.09 per share (diluted). This
compares with pro forma net income of $44.9 million, or $.18 per share
(diluted), for the same quarter in 2000, and pro forma net income of $88.8
million, or $.32 per share (diluted), in the fourth quarter of 2000. Diluted
earnings per share for the quarter were based on 281.0 million weighted 
average
shares outstanding, compared to 252.6 million weighted average shares
outstanding in the first quarter of 2000 and to 274.1 million weighted average
shares outstanding in the fourth quarter of 2000.

Broadcom reports net income and diluted earnings per share on a pro forma 
basis,
which excludes the effects of the non-cash revenue deduction related to
performance-based warrants, acquisition-related expenses, certain 
non-recurring
settlement charges, and payroll taxes on certain stock option exercises.
Including these charges, substantially all of which were non-cash, net loss 
for
the first quarter was $356.9 million, or $1.43 per share, compared with net
income of $38.6 million, or $.15 per share (diluted), in the same quarter of
2000, and with a net loss of $768.3 million, or $3.28 per share, in the fourth
quarter of 2000.

During the quarter, Broadcom announced and closed its acquisition of 
ServerWorks
Corporation, a leading supplier of high performance SystemI/O(TM) solutions 
for
server and storage platforms, network appliances and workstations. Broadcom 
also
completed the acquisition of Visiontech Ltd., a leading supplier of digital
video/audio MPEG-2 compression and decompression chips enabling Personal Video
Recording (PVR) and IP video streaming for the consumer electronics market.
These acquisitions were accounted for under the purchase method of accounting.

"Our first quarter results met the revised expectations that we communicated 
on
March 6th. Looking ahead, as a result of the continued weakness in the
communications sector, we have not yet seen improvement in order visibility 
from
customers," said Dr. Henry T. Nicholas III, Broadcom's President and CEO.
"Despite the current weakness that exists in the business, we continue to be
confident that our product roadmaps in both the core and emerging markets will
position us well as the economy recovers."

During the first quarter, Broadcom introduced several significant new 
products.
The company announced the world's first 0.13 micron CMOS Gigabit Copper
Transceiver, a four channel device on a single monolithic chip. This product
enables cost-effective, high port count Gigabit Ethernet switches and routers 
by
doubling port density and reducing size and power requirements by 50%. This
industry leading product marks the fourth generation of Gigabit transceiver
products from Broadcom.

Broadcom's new products for optical communications applications included the
world's first system-on-a-chip OC-48 line card, the world's first single-chip
OC-192 CMOS transceiver, a low power and low cost OC-192 framer and the 
world's
lowest power 10-Gigabit CMOS limiting amplifier. These product introductions
position Broadcom very well in the market for broadband optical 
communications.

Broadcom's newly acquired ServerWorks business made two noteworthy 
announcements
during the first quarter. First, ServerWorks unveiled its new Grand 
Champion(TM)
architecture for future Intel(R) Xeon(TM) based servers. This product is the
first to support PCI-X, the new high performance input/output standard for
server and workstation platforms and the first to deliver memory bandwidth of
6.4 Gbytes/second or four times the company's previous solutions. In addition,
ServerWorks announced new SystemI/O logic that is optimized for dense Internet
network servers produced by OEM customers such as Compaq, Dell, IBM, NEC and
Siemens.

During the quarter, the Home Networking Business Unit extended its industry
leading position by surpassing the two million unit milestone for total number
of units shipped. HomePNA(TM), which utilizes the phone lines already in a 
home,
continues to be the most widely produced home networking technology.

Broadcom also announced, sampled, gained design wins and has begun shipping 
the
world's first single-chip IP phone solution incorporating Ethernet switch
technology, dual Ethernet transceivers, DSP and RISC processor cores and 
analog
CODECs for handset and speakerphone support. This highly integrated Ethernet 
IP
phone chip enables toll-quality IP phones with the lowest power consumption.

Broadcom also introduced the first all-CMOS Bluetooth(TM) radio to achieve
Bluetooth qualification. This radio is designed specifically for use in mobile
phone handsets and further extends Broadcom's Blutonium(TM) line of Bluetooth
solutions.

Broadcom's tuner chip was the first to receive CableLabs(TM) certification and
EuroDOCSIS certification. This will continue to allow manufacturers to 
utilize a
highly integrated CMOS tuner chip to replace the 200-plus discrete components
housed in a tuner can to achieve greater reliability while meeting industry
standards.

Broadcom will conduct a conference call with analysts and investors to discuss
its first quarter 2001 financial results and current financial prospects today
at 4:45 p.m. Eastern Time (1:45 p.m. Pacific Time). The company will broadcast
the conference over the Internet. To listen to the call, please visit the
Investor Information section of the Broadcom Website at
www.broadcom.com/investor or go to www.streetfusion.com. The Webcast will be
recorded and available for replay until 5:00 p.m. Pacific Time on April 27,
2001.


About Broadcom

Broadcom Corporation is the leading provider of highly integrated silicon
solutions that enable broadband communications and networking of voice, video
and data services. Using proprietary technologies and advanced design
methodologies, Broadcom designs, develops and supplies complete 
system-on-a-chip
solutions 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, residential
broadband gateways, direct broadcast satellite and terrestrial digital
broadcast, digital subscriber lines (xDSL), wireless communications,
SystemI/O(TM) server solutions and network processing. Broadcom is 
headquartered
in Irvine, Calif., and may be contacted at 949-450-8700 or at 
www.broadcom.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:

This release may contain forward-looking statements based on our current
expectations, estimates and projections about our industry, management's
beliefs, and certain assumptions made by us. Words such as "anticipates,"
"expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will"
and variations of these words or similar expressions are intended to identify
forward-looking statements. In addition, any statements that refer to
expectations, projections or other characterizations of future events or
circumstances, including any underlying assumptions, are forward-looking
statements. These statements speak only as of the date hereof, and are based
upon the information available to us now. Such information is subject to 
change,
and we will not necessarily inform you of such changes. These statements are 
not
guarantees of future performance and are subject to certain risks, 
uncertainties
and assumptions that are difficult to predict. Therefore, our actual results
could differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors.

Important factors that may cause such a difference for Broadcom include, but 
are
not limited to, general economic conditions and specific conditions in the
markets 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; our
ability to specify, develop or acquire, complete, introduce, market and
transition to volume production new products and technologies in a timely
manner; the timing of customer-industry qualification and certification of our
products and the risks of non-qualification or non-certification; the rate at
which our present and future customers and end-users adopt Broadcom's
technologies and products in our target markets; delays in the adoption and
acceptance of industry standards in those markets; our ability to renegotiate 
or
terminate on acceptable terms the product purchase and development agreements
and performance-based warrants assumed in certain acquisitions; results of
changes in our accounting for the performance-based warrants; the volume of 
our
product sales and pricing concessions on volume sales; the qualification,
availability and pricing of competing products and technologies and the
resulting effects on sales and pricing of our products; the effectiveness of 
our
expense and product cost control and reduction efforts; intellectual property
disputes and customer indemnification claims; the availability and pricing of
foundry and assembly capacity and raw materials; the risks inherent in our
acquisitions of technologies and businesses, including the successful 
completion
of technology and product development through volume production, integration
issues and costs, and contractual, intellectual property and other issues;
fluctuations in the manufacturing yields of our third party semiconductor
foundries and other problems or delays in the fabrication, assembly, testing 
or
delivery of our products; the risks of producing products with new suppliers 
and
at new fabrication and assembly facilities; problems or delays that we may 
face
in shifting our products to smaller geometry process technologies and in
achieving higher levels of design integration; the effects of new and emerging
technologies; the risks and uncertainties associated with our international
operations; our ability to retain and hire key executives, technical personnel
and other employees in the numbers, with the capabilities, and at the
compensation levels needed to implement our business and product plans; 
changes
in our product or customer mix; the quality of our products and any 
remediation
costs; the effects of natural disasters and other events beyond our control; 
the
level of orders received that can be shipped in a fiscal quarter; and other
factors.

Our Annual Report on Form 10-K, forthcoming Quarterly Reports on Form 10-Q,
recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss
some of the important risk factors that 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.

Broadcom(R), SystemI/O(TM), Grand Champion(TM), Blutonium(TM) and the pulse 
logo
are trademarks of Broadcom Corporation and/or its affiliates in the United
States and certain other countries. All other trademarks mentioned are the
property of their respective owners.


BROADCOM CORPORATION
Unaudited Pro Forma Consolidated Statements of Operations
(In thousands, except per share amounts)

Three Months Ended
March 31,
2001           2000

Gross revenue                             $   318,118    $   191,591
Cost of revenue                               147,343         78,838
Gross profit                                  170,775        112,753
Operating expense:
Research and development                  108,734         42,566
Selling, general and administrative        38,821         17,505
Income from operations                         23,220         52,682
Interest and other income, net                  7,023          3,425
Income before income taxes                     30,243         56,107
Provision for income taxes                      6,048         11,222
Pro forma net income                      $    24,195    $    44,885
Pro forma basic earnings per share        $       .10    $       .21
Pro forma diluted earnings per share      $       .09    $       .18
Weighted average shares (basic)               249,689        211,217
Weighted average shares (diluted)             280,950        252,577


Pro Forma Only

The above pro forma statements are based upon our unaudited
consolidated statements of operations for the periods shown, with
certain adjustments. The pro forma statement for the three months
ended March 31, 2001 has been adjusted to eliminate a non-cash revenue
deduction of $7.6 million constituting the fair value of
performance-based warrants earned by certain customers; $109.7 million
of in-process research and development expense; $1.5 million of
payroll tax expense on certain stock option exercises; $119.7 million
of stock-based compensation expense related to mergers and
acquisitions ("M&A"); $218.3 million of amortization of goodwill and
purchased intangible assets related to M&A; and $3.0 million of
litigation settlement costs; and reflects a pro forma effective tax
rate of approximately 20%.
The pro forma statement for the three months ended March 31, 2000
has been adjusted to eliminate $3.7 million of payroll tax expense on
certain stock option exercises; $1.3 million of stock-based
compensation expense related to M&A; and $2.9 million of
merger-related costs; and reflects a pro forma effective tax rate of
approximately 20%.

All historical financial information has been restated to give
retroactive effect to acquisitions accounted for using the
pooling-of-interests method.




BROADCOM CORPORATION
Unaudited Consolidated Statements of Operations
(In thousands, except per share amounts)

Three Months Ended
March 31,
2001               2000

Gross revenue                          $   318,118        $   191,591
Less: fair value of warrants
earned by customers (1)                   (7,617)                --
Net revenue                                310,501            191,591
Cost of revenue (2)                        162,952             79,077
Gross profit                               147,549            112,514
Operating expense:
Research and development (3) (4)       109,532             44,772
Selling, general and
administrative (3) (4)                39,404             18,751
Stock-based compensation (5)           115,753              1,228
Amortization of goodwill (5)           200,657                 --
Amortization of purchased intangible
assets (5)                             6,097                 --
In-process research and
development (5)                      109,710                 --
Merger-related costs                        --              2,901
Litigation settlement costs              3,000                 --
Income (loss) from operations             (436,604)            44,862
Interest and other income, net               7,023              3,425
Income (loss) before income taxes         (429,581)            48,287
Provision (benefit) for income taxes       (72,729)             9,658
Net income (loss)                      $  (356,852)       $    38,629
Basic earnings (loss) per share        $     (1.43)       $       .18
Diluted earnings (loss) per share      $     (1.43)       $       .15
Weighted average shares (basic)            249,689            211,217
Weighted average shares (diluted)          249,689            252,577


Notes:
All historical financial information has been restated to give
retroactive effect to acquisitions accounted for using the
pooling-of-interests method.

(1) In connection with certain acquisitions, the Company assumed a
number of purchase and development agreements whereby
performance-based warrants were granted to certain customers. In
each period in which the warrants are earned, a non-cash revenue
deduction for the fair value of the warrants is recorded.

(2) Cost of revenue includes the following:
Stock-based compensation           $     3,897        $        37
Amortization of purchased intangible
assets                                11,578                 --
Payroll tax expense on certain
stock option exercises                   134                202
$    15,609        $       239

(3) Excludes stock-based compensation expense as follows:
Research and development           $    77,480        $       841
Selling, general and administrative     38,273                387
$   115,753        $     1,228
Excludes amortization of purchased intangible assets as follows:
Research and development           $     5,886        $        --
Selling, general and administrative        211                 --
$     6,097        $        --

(4) Includes employer payroll tax expense on certain
stock option exercises as follows:
Research and development           $       798        $     2,206
Selling, general and administrative        583              1,246
$     1,381        $     3,452

(5) Represents non-cash acquisition-related expenses charged to
operations.



BROADCOM CORPORATION
Condensed Consolidated Balance Sheets
(In thousands)

March 31,    December 31,
2001           2000
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents            $   564,790     $   523,904
Short-term investments                    46,129          77,682
Accounts receivable, net                 146,703         172,314
Inventory                                 75,503          52,137
Deferred taxes                            38,511          10,397
Other current assets                      45,980          39,220
Total current assets                917,616         875,654
Property and equipment, net                  154,947         132,870
Long-term investments                        101,446           1,984
Deferred taxes                               255,381         351,937
Goodwill and purchased intangible
assets, net                               3,954,906       3,260,464
Other assets                                  48,612          54,913
Total assets                    $ 5,432,908     $ 4,677,822


LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Trade accounts payable               $   116,948     $    78,163
Wages and related benefits                38,496          34,720
Accrued liabilities                      169,929          66,030
Current portion of long-term debt         88,255          23,649
Total current liabilities           413,628         202,562
Long-term debt, less current portion          63,595              --
Shareholders' equity                       4,955,685       4,475,260
Total liabilities and
shareholders' equity            $ 5,432,908     $ 4,677,822

CONTACT:          Broadcom Corp., Irvine
Bill Blanning or Eileen Algaze (media)
949/585-5555 or 949/585-5971
blanning@broadcom.com or ealgaze@broadcom.com
or
Nick Kormeluk (investor relations), 949/585-6932
nickk@broadcom.com
www.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:          CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
HARDWARE
NETWORKING
TELECOMMUNICATIONS
EARNINGS





****************** TO EDIT YOUR EQUITY ALERTS ********************
To unsubscribe or edit your alerts, visit
http://www.equityalert.com/alerts.asp?uid=alewis34&xid=40352
******************************************************************

***IMPORTANT NOTICE AND DISCLAIMER REGARDING THIS COURTESY EMAIL**
At your request, as a subscriber to our service, this email alert
is being sent to you as a courtesy and is for information purposes
only.  We are a financial news re-distributor.  We are not an
investment advisory and do not purport to tell or suggest which
companies you should monitor or which securities you should
purchase or sell.
In addition to the information regarding the company you are
monitoring (the &Monitored Company8), this email contains an
advertisement describing a product, service or company for which we
received a fee, at our normal advertising rates of $55 per 1,000 e-
mails (subject to volume and other discounts), from the advertising
company.  In addition, not withstanding our policy of prohibiting
employees from buying or selling securities of an advertising
company for a period of 20 days following dissemination of the
advertisement, we may not be able to effectively monitor our
employees to ensure compliance with the same. Consequently, there
may be sales and/or purchases of such securities by our employees
prior to, during and immediately following the dissemination of the
advertisement.
Please note that (1) this email may not contain the full text of
the press release issued by, or the research or other reports
regarding, the Monitored Company; and (2) the text of the
advertisement, the press release and/or reports were obtained from
third party sources and were not written, generated or edited by
us; accordingly, we make no representations or give any assurance
as to the accuracy or completeness, nor have we conducted any
independent investigations of, the disclosures regarding the
subject matter of such releases and reports.
Please note that links to the advertising company and/or Monitored
Company are provided for your convenience.  We assume no obligation
for the content of such sites.
All information contained herein should be independently verified
by you with the advertising company or with Monitored Company or
any other sources you prefer.
[THIS IS ONLY A SUMMARY OF, AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO, THE &EQUITYALERT SUBSCRIBER AGREEMENT AND
DISCLAIMER.8 PLEASE VISIT
http://www.equityalert.com/home/disclaim.asp
FOR ACCESS TO OUR COMPLETE DISCLAIMER]
******************************************************************