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broadcom2
Title: broadcom2
Category: Literature / English
Details: Words: 347 | Pages: 1.5 (approximately 235 words/page)
broadcom2
Broadcom Posts 1st-Quarter Results In Line With Reduced Estimates
http://www.dj.com/http://www.dj.com/Wednesday, April 18, 2001 05:03 PM ET
IRVINE, Calif. -- Broadcom Corp (BRCM, news). reported a sharp drop in first-quarter earnings from operations because of weak orders and said it hasn't seen any improvement since it issued a gloomy outlook last month.
The communications-chip maker late Wednesday reported a net loss of 6.9 million, or .43 a share, compared with net income of .6 million, …showed first 75 words of 347 total…
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…showed last 75 words of 347 total…month that it would post first-quarter earnings below analysts' estimates at that time, citing a "significant slowdown" in orders and said one of its largest customers, 3Com Corp., had terminated a significant contract on Feb. 28.
Company executives had said the company lowered its guidance after it began to see a "significant level of customer order delays and pushouts."
In 4 p.m. EDT trading on the Nasdaq Stock Market, Broadcom (BRCM) was up $ 4.61, or 16%, to .01.
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