Broadcom 1Q08 Update
Revenue for 1Q08 was $1.032 billion up by around 0.5% compared to last quarter and 14.5% increase y-o-y basis. Net Income for the quarter was $74.3 million. The company witnessed the strong demand for their wireless business, enterprise networking and broadband during this quarter.
Segment wise, sales of 802.11x and Bluetooth chips contributed 26% to the revenue. Broadband contributed 24%. Other segments that brought significant revenue contribution were -VoIP 20% and Cellular 13%.
Broadcom made some strategic alliances this quarter that will enhance its revenues and stake in cellular market. Among its series of announcements in this segment, the company announced support for the three popular open operating systems (OpenOSs) on its third generation (3G) cellular design platform, with the ability to support Symbian®, Windows Mobile® or Linux® on a single monolithic chip. In same segment, it also announced a new HEDGE reference design platform which will help to accelerate the process of developing next generation smartphones for mass consumer handsets. During this period Broadcom teamed up with Boingo Wireless to bring instant network connections to Wi-Fi® Phone Users ,
Other than cellular, entertainment was the main focus during this quarter. Broadcom announced many solutions for various basic and advanced entertainment products. These either add upon a particular capability or bring in something new. Broadcom announced the introduction of high definition PVR Satellite System-on-a-Chip Solution for Direct Broadcast Satellite Set-Top Boxes. Further, it also announced its partnership with Microsoft Corp. for Internet Television products. It also announced the introduction of 65 nanometer (nm) digital TV single-chip receivers that support the DVB-T (Digital Video Broadcast- Terrestrial) and DVB-H (Digital Video Broadcast-Handheld) standards.
During this quarter, Broadcom announced:
• that it has shipped more than one million units of its advanced channel bonding cable modem silicon for downstream channel bonding cable modems
• that it has partnered with Trolltech to deliver a complete multimedia-enabled voice over IP (VoIP) development platform for IP phone manufacturers
• that Teledex, provider of guest room telephones for the hospitality industry, has selected Broadcom’s voice over Internet Protocol (VoIP) technology for three of its latest IP phones
• that its combined Bluetooth® and FM radio chip is featured in the new MP3 players from Samsung Electronics
• that Toshiba, has selected its recently introduced media PC technology for its mid-level notebook computers
