| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| Broadcom Corporation |
| 16251 Laguna Canyon Road, Irvine, CA 92618 * (714) 450-8700 |
| The company is a leading developer of highly integrated silicon solutions which enable broadband digital data transmission to the home and within the business enterprise. |
| Manager | Tier | Phone |
| Morgan Stanley Dean Witter Discover & Co. | Lead Manager | (212) 761-5900 |
| BT Alex Brown | Co-manager | (410) 727-1700 |
| Deutsche Morgan Grenfell | Co-manager | (212) 469-5600 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| NASNTL: | BRCM | Internet: | SIC 3674 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 2/5/98 | |
| U.S. Shares: | 3,500,000 | Offer Date: | 4/16/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $18.00 - $20.00 | |
| Primary Shares: | 2,750,000 | Offer Price: | $24.00 | |
| Secondary Shares: | 750,000 | Gross Spread: | $1.68 | |
| Offering Amount: | $66,500,000 | Selling: | $1.00 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Employees: | 217 |
| Issuer's Law Firm: | Brobeck, Phleger & Harrison |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Registrar/Transfer Agent: | U. S. Stock Transfer Corporation |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $36.95 | Assets: | $45.24 | ||
| Net Income: | -$1.17 | Curr Assets: | $36.52 | ||
| EPS: | -$0.04 | Liabilities: | $11.85 | ||
| Prior EPS: | $0.09 | Curr Liab: | $10.26 | ||
| Cash Flow/Oper: | -$2.56 | Equity: | $33.39 | ||
| Cash Flow/Fin: | $27.15 | Cash: | $22.12 | ||
| Cash Flow/Inv: | -$7.13 | Working Cap: | $26.26 | ||
| Competition |
| The broadband communications markets and semiconductor industries are intensely competitive and are characterized by rapid technological change, evolving standards, short product life cycles and price erosion. The Company believes that the principal factors of competition for silicon providers to these industries are product capabilities, level of integration, reliability, price, time-to-market, system cost, intellectual property, customer support and reputation. The Company believes it competes favorably with respect to each of these factors. Many of the Company's competitors operate their own fabrication facilities and have longer operating histories and presence in key markets, greater name recognition, access to larger customer bases and significantly greater financial, sales and marketing, manufacturing, distribution, technical and other resources than the Company. As a result, such competitors may be able to adapt more quickly to new or emerging technologies and changes in customer requirements or devote greater resources to the promotion and sale of their products than the Company. Current and potential competitors have established or may establish financial or strategic relationships among themselves or with existing or potential customers, resellers or other third parties. Accordingly, it is possible that new competitors or alliances among competitors could emerge and rapidly acquire significant market share. In addition, the Company's competitors may in the future develop technologies which more effectively address the transmission of digital information through existing analog infrastructures at a lower cost. There can be no assurance that the Company will be able to compete successfully against current or potential competitors, or that competition will not have a material adverse effect on the Company's business, financial condition and results of operations. |
| Business Plan |
| The Company's objective is to be the leading provider of highly integrated silicon solutions to the worldwide broadband communications markets. Key elements of the Company's strategy include the following: (I) Target Multiple High-Growth Broadband Communications Markets, (ii) Strengthen and Expand Strategic Relationships with Industry Leaders (iii) Extend Technology Leadership and Achieve Rapid Time-to-Market and (iv) Drive Industry Standards Focus on Highly Integrated Solutions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including working capital and repayment of debt. |