MERGERS AND ACQUISITIONS
Untitled Page
Broadcom's acquisition, financial stats, continued ...
The boards of directors have approved the transaction, and it is expected to close by the second quarter.
In a separate statement, Broadcom reported an increase in its net revenue during the fourth quarter. The number hit $1.3 billion, up 19 percent, compared to the same time in 2008. It also rose 7 percent from the third quarter.
The company's performance showcases the opportunities in the communications market, as well as the work of its staff, according to Broadcom President and CEO Scott McGregor.
"In the midst of one of the worst economic downturns," he says, "Broadcom gained market share, achieved record quarterly revenue and delivered the strongest cash flow from operations in our history."
<< PREVIOUS PAGE
Related headlines
O.C. sees spike in business sales activity
Brand Affinity Technologies acquires virtual sports collectibles firm Beelya
Newport Beach-based Acacia subsidiary wins lawsuit against Yahoo!
Broadcom's acquisition, financial stats, continued ...
The boards of directors have approved the transaction, and it is expected to close by the second quarter.In a separate statement, Broadcom reported an increase in its net revenue during the fourth quarter. The number hit $1.3 billion, up 19 percent, compared to the same time in 2008. It also rose 7 percent from the third quarter.
The company's performance showcases the opportunities in the communications market, as well as the work of its staff, according to Broadcom President and CEO Scott McGregor.
"In the midst of one of the worst economic downturns," he says, "Broadcom gained market share, achieved record quarterly revenue and delivered the strongest cash flow from operations in our history."
<< PREVIOUS PAGE
Related headlines
O.C. sees spike in business sales activity
Brand Affinity Technologies acquires virtual sports collectibles firm Beelya
Newport Beach-based Acacia subsidiary wins lawsuit against Yahoo!
