Broadcom Completes Acquisition of BroadLight End-to-End Platform Expands Fiber Access Portfolio

IRVINE, Calif., April 5, 2012 /PRNewswire via COMTEX/ -- Broadcom Corporation(NASDAQ: BRCM), a global research leader in semiconductor solutions for wiredand wireless communications, today announced it has completed its acquisition ofBroadLight, Inc., a leading provider of highly integrated networking and fiberaccess PON processors.

)The addition of BroadLight extends Broadcom's industry leading broadband accessproduct line, enabling Broadcom to offer a complete, end-to-end GPON solution for clients - from the optical line terminal(OLT) at the central office to the optical network unit at the home.

Combined with Broadcom networking and management software, home networkingportfolio and VoIP (Voice over Internet Protocol) expertise, the acquisition provides clients with a richproduct offering spanning a complete portfolio of wireline access products.

BroadLight as well extends Broadcom's broadband access roadmap to support customerrequirements for rolling out then and there-generation fiber networks worldwide.

The BroadLight acquisition strengthens our IP

"The BroadLight acquisition strengthens our IP and product portfolio with highperformance, flexible GPON products, increasing the addressable market of ourbroadband communications business," said Dan Marotta, Broadcom's Executive VicePresident and General Manager, Broadband Communications Group. "BroadLightaccelerates our time-to-market in GPON, adds important OLT products andtechnology and enhances our longer-term fiber roadmap."In connection with the acquisition, Broadcom paid roughly $195 millionsubject to certain adjustments, net of cash assumed, to acquire all of theoutstanding shares of capital stock and other equity rights of BroadLight. Thepurchase price was paid in cash, except that a portion of the purchase priceattributable to unvested employee stock options will be paid in Broadcomrestricted stock units. Additional consideration was reserved for future paymentupon satisfaction of certain performance goals. Excluding any purchaseaccounting related adjustments or fair value measurements, Broadcom expects theacquisition of BroadLight to be roughly neutral to revenues per share in2012.

About Broadcom Broadcom Corporation, a FORTUNE 500 company, is aglobal leader and innovator in semiconductor solutions for wired and wirelesscommunications. Broadcom products seamlessly deliver voice, video, data andmultimedia connectivity in the home, office and mobile environments. With theindustry's broadest portfolio of state-of-the-art system-on-a-chip and embeddedsoftware solutions, Broadcom is changing the world by Connecting everything.

Cautions Regarding Forward-Looking Statements All statements included orincorporated by reference in this release, other than statements orcharacterizations of historical fact, are forward-looking statements within themeaning of the federal securities laws, including the Private SecuritiesLitigation Reform Act of 1995. These forward-looking statements are based on ourcurrent expectations, estimates and projections about our industry and business,management's beliefs, and certain assumptions made by us, all of which aresubject to change. Forward-looking statements can often be identified by wordssuch as "anticipates," "expects," "intends," "plans," "predicts," "believes,""seeks," "estimates," "may," "will," "should," "would," "could," "potential,""continue," "ongoing," similar expressions, and variations or negatives of thesewords. Examples of such forward-looking statements include, however are not limitedto, references to the benefits afforded by the acquisition to Broadcom'sBroadband Communications Group's business and the effect of the acquisition onBroadcom's revenues per share. These forward-looking statements are notguarantees of future results and are subject to risks, uncertainties andassumptions that could cause our actual results to differ materially andadversely from those expressed in any forward-looking statement.

Important risk factors that may cause such a difference for Broadcom inconnection with the acquisition of BroadLight include, nevertheless are not limited tounexpected variations in market growth and demand for networking and fiberaccess PON processors and related technologies, the risks inherent inacquisitions of technologies and businesses, including the timing and successfulcompletion of research and product development through volume production,integration issues, costs and unanticipated expenditures, changing relationshipswith clients, suppliers and strategic partners, potential contractual,intellectual property or employment issues and charges resulting from purchaseaccounting adjustments or fair value measurements.

Broadcom's Annual Report on Form 10-K, subsequent Quarterly Reports on Form10-Q, recent Current Reports on Form 8-K, and other Securities and ExchangeCommission filings discuss the such risks as then as other important riskfactors that could contribute to such differences or if not affect ourbusiness, results of operations and financial condition. The forward-lookingstatements in this release speak only as of this date. We undertake noobligation to revise or update openly any forward-looking statement to reflectfuture events or circumstances.