Broadcom Corporation Declares its Next Quarterly Cash Dividend, Payable on March 2, 2015
Jan 29 15
Broadcom Corporation announced it will pay its next quarterly cash dividend of $0.14 per share to holders of the company's common stock. The dividend will be paid on March 2, 2015 to holders of record of the company's Class A and Class B common stock at the close of business on February 13, 2015.
Broadcom Corp. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014 ; Provides Earnings Guidance for the First Quarter Ending March 31, 2015
Jan 29 15
Broadcom Corp. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenue of $2,143 million, income from operations of $399 million, income before income taxes of $395 million, net income of $390 million or $0.64 per diluted share, net cash provided by operating activities of $633 million, net purchases of property and equipment of $48 million compared to the net revenue of $2,064 million, income from operations of $186 million, income before income taxes of $181 million, net income of $168 million or $0.29 per diluted share, net cash provided by operating activities of $391 million, net purchases of property and equipment of $56 million for the same quarter a year ago. Non-GAAP net income for the fourth quarter of 2014 was $463 million, or $0.76 per share (diluted), compared with non-GAAP net income of $461 million, or $0.76 per share (diluted), for the third quarter of 2014 and non-GAAP net income of $247 million, or $0.43 per share (diluted), for the fourth quarter of 2013. Non-GAAP EPS excluding stock-based compensation was $0.90 a share or $0.03 above first call consensus of $0.87 per share.
For the year, the company reported net revenue of $8,428 million, income from operations of $694 million, income before income taxes of $667 million, net income of $652 million or $1.08 per diluted share, net cash provided by operating activities of $1,925 million, net purchases of property and equipment of $262 million compared to the net revenue of $8,305 million, income from operations of $472 million, income before income taxes of $445 million, net income of $424 million or $0.73 per diluted share, net cash provided by operating activities of $1,785 million, net purchases of property and equipment of $228 million for the previous year. Non-GAAP net income for the year ended December 31, 2014 was $1.41 billion, or $2.35 per share (diluted), compared with non-GAAP net income of $1.14 billion, or $1.95 per share (diluted), for the year ended December 31, 2013.
The company provided earnings guidance for the first quarter ending March 31, 2015. For the quarter ending March 31, 2015, the company expected total net revenues (GAAP) of $2.00 billion (+/- $75 million), gross margin (GAAP) of 52.8% (+/- 75 basis points), gross margin (non-GAAP) of 54.7% (+/- 75 basis points). Research & development and selling, general, and administrative expenses expected up $5 million to $25 million from fourth quarter of 2014.
QLogic Corp. and Broadcom Corporation to Demonstrate End-to-End Interoperability for 25Gb and 100Gb Ethernet
Jan 27 15
QLogic Corp. announced the demonstration of the 25Gb and 100Gb Ethernet solution. Developed in collaboration with Broadcom Corporation, the platform combines Broadcom's high-performance StrataXGS® Tomahawk™ Switch Series and QLogic'scLOM8514 next-generation Ethernet controller, marking the cross-vendor interoperability of 25Gb and100Gb Ethernet switches and controllers. Supporting 10/25/40/100Gb Ethernet port speeds, the combination of the Broadcom® StrataXGS Tomahawk switch and the QLogic® cLOM8514 controller is able to address all next-generation server and storage to top-of-rack connectivity requirements in the data center. 25Gb and 100Gb Ethernet are complementary interconnect technologies for the next-generation data center. Both specifications leverage a common 25Gbps per-lane signaling scheme, with 25GbE utilizing one lane and 100GbE utilizing four lanes. 100Gb Ethernet is a released IEEE standard today; 25Gb Ethernet is an emerging standard, initiated via the 25 Gigabit Ethernet Consortium and now an approved project within the IEEE (802.3by). 25Gb Ethernet provides 2.5X the performance of 10Gb Ethernet (10GbE) on a single lane of copper making it a cost-effective upgrade to 10GbE infrastructure, while 100Gb Ethernet provides the absolute high performance for the most demanding applications.
Broadcom Corp. Supports a New Open Source Software Stack Developed in Collaboration with Comcast
Jan 20 15
Broadcom Corp. has announced that its portfolio of DOCSIS 3.0 and DOCSIS 3.1 silicon supports a new open source software stack developed in collaboration with Comcast. The software under development will serve as the foundation for a new version of the reference design kit, or RDK, for broadband devices. The combined technology will enable cable multi-system operators (MSOs) to accelerate services for subscriber's home gateways, including customized parental controls and firewall protection. Support for the new broadband software stack is engineered for compatibility while retaining the advanced features in Broadcom's cable gateway silicon, such as downstream Full-band Capture, upstream diagnostic analysis and extensive hardware acceleration for superior Wi-Fi and tunnel throughput.
Broadcom Unveils Two New SoC Devices
Jan 19 15
Broadcom Corporation, has unveiled two new Ultra HD system-on-a-chip, or SoC, devices that support Google's VP9 open video compression standard. Supporting client and media gateway set-top box (STB) applications, the BCM7251S and BCM7252S extend Broadcom's Ultra HD portfolio by adding VP9 decode support while introducing support for up to 60 frames per second on the new codec. Broadcom's integration of the Google VP9 standard will allow users to stream 4K YouTube content to their set-top boxes and display to a TV. The codec provides up to 50% bitrate reduction for comparable quality compared to the previous VP8 standard and enables a significant new source of Ultra HD content in this rapidly growing market. Combined with the BCM4366, Broadcom's latest 5G WiFi device, the BCM7252S wirelessly delivers a fluid and life-like Ultra HD viewing experience throughout the home. The BCM4366 device provides 4x4 5G WiFi connectivity via a high-speed PCIe interface and incorporates multiple 802.11ac Wave 2 features to deliver up to a 4X speed boost compared to a traditional access point.