Broadcom Reports Revenue $425.6 million, a 13% Sequential Rise

Broadcom reported Q3 net revenue of $425.6 million, an increase of 12.6% from the $377.9 million reported for the second quarter of 2003 and an increase of 46.8% from the $290.0 million reported for the third quarter of 2002. Net loss computed in accordance with generally accepted accounting principles (GAAP) for the third quarter of 2003 was $6.3 million, or $.02 per share (basic and diluted), compared with a GAAP net loss of $891.7 million, or $3.08 per share (basic and diluted), for the second quarter of 2003, and a GAAP net loss of $183.3 million, or $.68 per share (basic and diluted), for the third quarter of 2002.


Broadcom credited new product momentum in enterprise networking combined with continued momentum in a number of its new end markets for the growth.
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