Broadcom reported its sixth consecutive quarter of revenue growth. Net revenue for Q4 2002 was $295.9 million, up 2.1% over the previous quarter and up 30.5% from Q4 2001. Net loss for the quarter (GAAP) was $1.76 billion, or $6.40 per share. Pro forma non-GAAP net loss for the fourth quarter of 2002 was $6.6 million, or $.02 per share. The GAAP results included a non-cash goodwill impairment charge of $1.24 billion. Broadcom also recorded restructuring charges of $87.8 million to cover the costs of reduction of facilities and employee severance arrangements.
http://www.broadcom.com
Broadcom Reports Sixth Quarter of Revenue Growth
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From the Graveyard
You just read about Broadcom. One of the companies whose work it now carries:
Brocade Communications Systems built Fibre Channel, Ethernet switching and IP routing. What became of it?
Brocade Communications Systems brought Fibre Channel, Ethernet switching and IP routing to Networking. That work was distinctive enough to lead to its acquisition by Broadcom for US$5.9B. 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.
On this day
January 22From 25 years of the Converge Digest archive.