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Broadcom Announces 12.5 Percent Increase in Quarterly Cash Dividend and $300 Million Accelerated Share Repurchase Plan

IRVINE, Calif. Feb. 1, 2011 $0.09 cents $0.36 $300 million

$0.09 January 31, 2011 March 7, 2011 February 18, 2011 $0.09

Scott A. McGregor

The cash dividend policy and payment of future cash dividends under that policy are subject to the Board’s continuing determination that the dividend policy and the declaration of dividends are in the best interests of Broadcom’s shareholders and are in compliance with all the laws and agreements of Broadcom applicable to the declaration and payment of cash dividends.

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®.

$6.82 billion

Irvine, Calif. North America Asia Europe www.broadcom.com

Cautions regarding Forward-Looking Statements: 

All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, our intention to pay quarterly cash dividends, repurchase shares and return capital to shareholders. These forward-looking statements are not guarantees of future results or events and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

Important factors that may cause such a difference for Broadcom in connection with our dividend policy and share repurchases, include, but are not limited to:

  • our views on potential future capital requirements for investments in acquisitions and the funding of our research and development;
  • changes in federal and state income tax laws or corporate laws;
  • changes to our business model; and
  • changes in global economic conditions.

http://www.broadcom.com/press/additional_risk_factors/Q42010.php

Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release and the related conference call for analysts and investors speak only as of the date they are made.  We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.

the United States

Broadcom Business Press Contact

Bob Marsocci

Vice President, Corporate Communications

949-926-5458

[email protected]

Broadcom Investor Relations Contact

Chris Zegarelli

Director, Investor Relations

949-926-7567

[email protected]

SOURCE Broadcom Corporation; BRCM Corporate

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