Broadcom's Earnings Plummet 76 Percent
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By John Gittelsohn, The Orange County Register, Calif.  Feb. 9--Broadcom Corp., said Thursday net income plunged 76 percent in  the fourth quarter, mainly because of how it accounted for employee stock  options and other compensation.
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Toll Brothers said its first-quarter profit fell 67 percent as a result of lower sales, write-downs and other costs.
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Media and communications chip maker Broadcom Corp. lowered its third quarter revenue expectations on Sunday to account for delayed customer orders, and said its inventory levels would drop as compared to the previous quarter.
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The Nasdaq fell 1 percent on Monday and the S&P extended earlier losses, as nervous investors bet chipmaker Qualcomm Inc.  would lose to rival Broadcom Corp.  in several legal disputes.
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Texas Instruments Inc  reported  lower quarterly profit and revenue on Monday as weak demand for  calculators outweighed improving sales of advanced phones that  use its wireless chips.
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Federal court jury awards $19.6 million in damages for infringement of three Broadcom patents.
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Sales were lower than expected, and the quality of earnings is in question.
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Income and revenue down, something about an ex-CEO and whores... Broadcom announced their Q2 profit took a 68 per cent plunge today, but scored a victory in a long-in-the-tooth patent dispute with Qualcomm.â¦
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Pleased with Linux progress Novell has recorded a $12m drop in revenues for the first quarter of 2007.â¦
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A federal jury found Qualcomm Inc.   guilty of infringing three patents owned by smaller  rival Broadcom Corp.  and it awarded Broadcom $19.6  million in damages on Tuesday, the companies said.
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Slashed earnings estimate pulls down shares.
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Analog Devices Inc. , a maker of communications microchips, reported lower quarterly earnings and sales on Thursday, saying a glut of cellular phones manufactured in China dampened business.
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Cypress Semiconductor Corp., which makes computer and communications chips, on Thursday said third-quarter profit dropped as demand dried up throughout the industry.
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Korean LCD maker suffers massive decline in earnings.
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Quarterly net income was $46.3 million against a year-earlier loss, but sales continued to fall at the retailer amid intense competition in the electronics sector.
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The consumer electronics retailer stumbles as its larger rivals thrive.
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The network equipment maker reported that its quarterly net income grew 7.2 percent amid growing concern that economic weakness could affect technology spending.