Broadcom Completes Acquisition of Percello Ltd.


IRVINE, Calif., Nov. 15, 2010 - Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, today announced that it has completed the acquisition of Percello Ltd., a privately-held company that develops system-on-a-chip (SoC) solutions for femtocells.

In connection with the acquisition, Broadcom paid approximately $86 million to acquire all of the outstanding shares of capital stock and other rights of Percello Ltd. The purchase price was paid in cash, except that a portion of such purchase price attributable to unvested employee stock options was paid in Broadcom restricted stock units. A portion of the cash consideration payable to the stockholders was placed into escrow. Additional consideration was reserved for future payment upon satisfaction of certain performance goals. Excluding any purchase accounting related adjustments or fair value measurements, Broadcom expects the acquisition of Percello Ltd. to be approximately neutral to earnings per share in 2011.

About Broadcom

Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything®.

Broadcom, one of the world's largest fabless communications semiconductor companies, with 2009 revenue of $4.49 billion, and holds more than 4,500 U.S. and 1,900 foreign patents, and has more than 7,800 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.

A FORTUNE 500® company, Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at www.broadcom.com.

Important risk factors that may cause such a difference for Broadcom in connection with the acquisition of Percello include, but are not limited to:

o unexpected variations in market growth and demand for femtocell products
and technologies,

o the risks inherent in acquisitions of technologies and businesses,
including the timing and successful completion of technology and product
development through volume production,

o integration issues,

o costs and unanticipated expenditures,

o changing relationships with customers, suppliers and strategic partners,

o potential contractual, intellectual property or employment issues,

o the risk that anticipated benefits of the acquisition may not be
realized, and

o charges resulting from purchase accounting adjustments or fair value
measurements.

SOURCE Broadcom Corporation; BRCM Corporate

CONTACT:

Media Relations,

Dana Brzozkiewicz,

Senior Public Relations Representative,

+1-949-926-6367,

danabrz@broadcom.com

or

Broadcom Investor Relations,

Chris Zegarelli, Director,

Investor Relations,

+1-949-926-7567,

czegarel@broadcom.com,

both of Broadcom Corporation

Web Site: www.broadcom.com

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