Broadcom Reports First Quarter 2009 Results

IRVINE, Calif. — Broadcom Corporation (Nasdaq: BRCM) today reported unaudited financial results for its first quarter ended March 31, 2009.

Net revenue for the first quarter of 2009 was $853.4 million, a decrease of 24.2% compared with the $1.127 billion reported for the fourth quarter of 2008 and a decrease of 17.3% compared with the $1.032 billion reported for the first quarter of 2008. Net loss computed in accordance with U.S. generally accepted accounting principles (GAAP) for the first quarter of 2009 was $91.9 million, or $.19 net loss per share (basic and diluted), compared with GAAP net loss of $159.2 million, or $.32 net loss per share (basic and diluted), for the fourth quarter of 2008, and GAAP net income of $74.3 million, or $.14 per share (diluted), for the first quarter of 2008.

Net revenue for the first quarter ended March 31, 2009 included royalties of $19.0 million received pursuant to a patent license agreement entered into in July 2007. The royalties received in the first and fourth quarters of 2008 were $35.6 million and $40.0 million, respectively.

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