Broadcom reported record net revenue for the third quarter of 2014 of $2.26 billion, an increase of 10.7% compared with the $2.04 billion reported for the second quarter of 2014 and an increase of 5.3% compared with the $2.15 billion for Q3 last year. Net income (GAAP) was $98 million, or $0.16 per share (diluted), compared with GAAP net loss of $1 million, or $0.00 per share (basic and diluted), for Q2 2014 and GAAP net income of $316 million, or $0.55 per share (basic and diluted), for the third quarter of 2013.
“Broadcom delivered record quarterly revenue and better than expected operating results,” said Scott McGregor, Broadcom’s President and Chief Executive Officer. “Our strong performance was driven by the Broadband and Connectivity business and diligent expense management. Longer term, the company’s renewed focus on its core businesses is expected to produce improved margins and cash flows, enabling increased capital return.”
Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
You just read about Broadcom. One of the companies whose work it now carries:
BroadLight built GPON processors and broadband access silicon. What became of it?
BroadLight brought GPON processors and broadband access silicon to Semiconductor. That work was distinctive enough to lead to its acquisition by Broadcom for US$230M. The standalone name now passes into the archive — but the team and technology continue inside Broadcom today. One of 430 names here whose work outlived the company.
You just read about All. A technology from the archive that helped get us here:
Google/Alphabet Project Loon served 2011–2021. What ultimately replaced it?
Google/Alphabet Project Loon solar-powered balloons drifting in the stratosphere (~20 km), steering by rising and falling into different wind layers, relaying LTE from ground stations to phones far below. Its job passed to Unit economics — but the problem it solved, and the ideas it proved, live on in what replaced it. The standard rests here in the archive. One of 198 technologies here that opened a door and then held it for the next.
