Broadband Services Forum Elects Board

The Broadband Services Forum, an industry group that fosters collaboration across the broadband value chain including content, service and technology providers, announced its first Board of Directors:Derek Kuhn of Alcatel, ChairmanCraig Forbes of net.com, Vice-ChairAndy Birchall of On Demand, Vice-Chair, EuropeJerry Passione of Juniper Networks, SecretaryKeith Wehmeyer of Thomson, TreasurerMatthew Marnik of Nortel, VP, MarketingJoe Mosher of Aliant...

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PMC-Sierra Confirms Q2 Outlook, Trims R&D

PMC-Sierra confirmed that is revenues in the second quarter of 2005 are expected to be at or near the high-end of the revenue range provided on April 20, 2005, following its first quarter earnings release. At that time, the revenue outlook provided was $70 million to $72 million in revenues for the second quarter of 2005, or 6% to 9% sequential growth. Additionally, by the end of the second quarter, the company's book-to-bill ratio is expected to exceed 1.1 as current quarter bookings are already greater than the Company's second quarter revenue...

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Broadcom Settles Securities Class Action Litigation

Broadcom agreed to settle the securities class action litigation currently pending against the company and certain of its current and former officers and directors for an aggregate cash payment of $150 million. Broadcom expects that approximately $40 million of that amount will be paid by its insurance carriers, with the balance of approximately $110 million to be paid by the company.The class action was brought on behalf of persons and entities who bought or acquired shares of Broadcom's common stock, or options on such shares, between July 31,...

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