Broadcom got $31.8 million in royalties from Verizon in Q4 from t...
Broadcom got $31.8 million in royalties from Verizon in Q4 from the July license the companies signed to circumvent an International Trade Commission injunction against Qualcomm chips, Broadcom said, releasing quarterly earnings. Broadcom net revenue rose 11.2 percent year-…
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over-year to $1.03 billion. Revenue for the full year was $3.78 billion, 3 percent more than in 2006. “2007 ended strongly as Broadcom generated record revenue for the fourth quarter and the full year, driven by the ramp in new product cycles occurring in the Bluetooth, wireless LAN and digital TV markets,” CEO Scott McGregor said. “Bluetooth, wireless LAN and digital TV will continue to be key revenue drivers, plus we look forward to the emergence of new product areas such as HD DVD, cellular and GPS, in addition to continued growth opportunities within our traditional end markets, such as switching and set-top boxes.”