Broadcom's Stock-Option Costs to Double to $1.5 Billion
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By Mary Ann Milbourn, The Orange County Register, Calif.  Sep. 9--Irvine chipmaker Broadcom Corp.
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Shares of Broadcom Corp. (BRCM.O: Quote, Profile, Research) rose 9 percent on Monday after the communications chipmaker said the effects of an inventory glut on its revenues should be short-lived.
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The pioneer in pay-to-play enterprise software has seen its stock more than double since going public in August.
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&quot;IBM plans to announce on Monday that the Blue Gene will be available immediately with a starting price of $1.5 million.&quot;.
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- Data storage company EMC Corp.'s  subsidiary, VMware, said it expects its initial public offering to be priced between $23 and $25 per share.
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Genentech's stock is even more expensive than you think.
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Plus: SCO to cap legal costs...Novell sees weakness in IT spending...Salesforce reports rise in profit...Nortel to lay off 3,500.
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The hit on Qualcomm from a patent suit it lost to rival Broadcom may be slashed because of an unrelated ruling that came down in August.In May, a jury in the U.S. District Court for the Southern District of California found that&#160;Qualcomm infringed three Broadcom patents&#160;and awarded Broadcom $19.6 million. The judge in that case, James Selna, said he would double the damages to more than $39 million because the jury found the infringement was wilful. The damage award isn&#39;t final because other issues in the case are still pending.On Monday, Selna tentatively overturned the double award because of a new standard for proving wilful infringement, said Broadcom attorney David Rosmann. Broadcom can either accept the $19.6 million in direct damages or pursue a new trial in which it would try to prove Qualcomm acted deliberately, he said. Judge Selna ruled any new trial would look at the whole case over again, he said.Broadcom hasn&#39;t decided which path to take, but its priority in the case is getting an injunction to stop Qualcomm from making, using or selling the chips, Rosmann said.&quot;The issue of the injunction is far more important to Broadcom than the damages,&quot; Rosmann said. &quot;We&#39;re hoping to move forward on the injunction as quickly as possible.&quot;In August, the U.S. Court of Appeals for the Federal Circuit upped the ante for patent owners that want to earn higher damages -- they can be as much as tripled -- by proving someone knew they were infringing a patent and did so anyway, according to patent attorney Smith Brittingham of Finnegan, Henderson, Farabow, Garrett &amp; Dunner.&quot;You have to show more comprehension of the situation than you would have had to in the past,&quot; Brittingham said. The Federal Circuit ruling, on a suit against hard-drive vendor Seagate Technology, automatically changed the standard in all federal courts, he said. The ruling could change other pending cases, he said.The new standard probably won&#39;t discourage patent suits among competitors like the Broadcom-Qualcomm dispute, but it may make litigation less attractive for patent-holding companies in the business of suing, Brittingham said.&quot;It&#39;s consistent with the view that ... maybe patent infringement cases have gotten too easy to win and have created an unnecessary drag on business,&quot; he said.Judge Selna asked Broadcom for a decision by the end of this week, Rosmann said. Qualcomm declined to comment on the substance of the case.The suit is one of several between Qualcomm and Broadcom, who are battling over the market for mobile-phone chips.
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Comcast&#39;s (CMCSA:Nasdaq - news - research) shares jumped 2% Tuesday on news that Warren Buffett had feasted on its shares.
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(InfoWorld) - Oracle has increased the price it is willing to pay for an additional stake in i-flex solutions, a vendor of financial software in Mumbai, India. The move follows a period of sharp increases in company valuations on India's stock market, and Oracle may have felt that increasing its offer was necessary to make its offer more attractive for i-flex shareholders, analysts said. Oracle, of Redwood Shores, California, said Thursday said it has increased its offer price to 2,100 Indian rupees ($47) per share, including interest. The company also said that it has raisedÂ to about 35 percent the number of shares it has agreed to buy in the pending open offer to i-flex shareholders. The new open offer price is a 42 percent premium to the 1,475 rupees per share that Oracle first offered, and a 20 per cent premium to i-flex's closing stock price on Thursday of 1,751 rupees. Indian stock markets are booming, and investor expectations are high, said a financial analyst who declined to be named. Oracle may have not found sufficient support for the offer at its earlier price, he said. The price of i-flex's shares has risen by over 52 percent in the last six months. Oracle informed the Bombay Stock Exchange (BSE) in September that it intended to acquire an additional 20 percent of the equity of i-flex. It already holds a 55 percent stake in the company. Oracle would be paying about $531 million for the additional stake. Oracle subsequently delayed the open date of the offer from Nov. 6 to Dec. 4. In an statement to the BSE on Friday, i-flex said that Oracle had increased the number of shares it wanted to purchase in the open offer from the earlier 16.63 million to 28.39 million, representing 34.14 percent of the emerging voting capital. An i-flex spokeswoman declined to comment on the new offer. Oracle will be paying about $1.3 billion for the additional equity if its offer sails through. The open offer closes on Dec. 23.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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$19.6m patent slap Broadcom won $19.6m today from Qualcomm, after a jury found the chip design rival guilty of infringing three patents for cell phone technology.â¦
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China Netcom, the smallest of Chinaâs four big telecoms carriers, raised US$1.13 billion from a Hong Kong and New York IPO priced just above the mid-point of its indicated range, sponsor Goldman Sachs said on Wednesday.
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By The Orange County Register, Calif.  Feb. 10--Four directors of Broadcom Corp. received a total $275,000 in  extra compensation for serving on the audit committee that investigated the  company's stock options awards.   The committee chairman, George L.
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Chip maker Broadcom Corp.  received a Wells notice from the U.S. Securities and Exchange Commission stemming from an investigation into its historical option granting practices, according to a filing.
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The chip maker Texas Instruments said Friday that it had expanded its share buyback program by $5 billion, or about 10 percent of its market capitalization, sending shares up.
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Business & money: Overspend on Â£17bn programme to upgrade network could be more than double previous estimate.
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A $1.3 billion reserve price for a piece of wireless spectrum to be auctioned by the FCC in January is too high, according to one company.