Broadcom announces plans to file a universal shelf registration statement and an acquisition shelf registration statement within 30 days

January 28, 2004

2 Min Read

IRVINE, Calif. -- Broadcom Corporation (Nasdaq: BRCM) today announced that it intends to file a universal shelf Registration Statement on Form S-3 and an acquisition shelf Registration Statement on Form S-4 with the Securities and Exchange Commission. Broadcom anticipates that it will file such registration statements within the next 30 days. The Company has no immediate plans to raise capital under the universal shelf on Form S-3 or to utilize the shelf Form S-4 for an acquisition transaction.

Once declared effective by the Securities and Exchange Commission, the universal shelf on Form S-3 will permit Broadcom to sell, in one or more public offerings, shares of its Class A common stock, shares of preferred stock or debt securities, or any combination of such securities, for proceeds in an aggregate amount of up to $750 million.

The acquisition shelf registration statement on Form S-4 will, once declared effective by the Securities and Exchange Commission, enable Broadcom to issue up to 30 million shares of its Class A common stock in one or more acquisition transactions that the Company may make from time to time. These transactions may include the acquisition of assets, businesses or securities, whether by purchase, merger or any other form of business combination.

"Although Broadcom does not have any current plans to raise capital or to utilize registered stock for an acquisition transaction, we believe that the universal shelf and the acquisition shelf registration statements will provide a benefit to Broadcom and our shareholders by enabling us to take advantage of favorable market conditions in capital raising transactions and to facilitate and expedite opportunistic acquisition and growth activities," said William J. Ruehle, Broadcom's Vice President and Chief Financial Officer. "The dollar and share amounts set forth are the amounts that we currently anticipate will be adequate to meet our needs under these registration statements over the next two years. We may use less, and we may continue to issue other shares of common stock pursuant to available registration exemptions or other registration statements. Any draw-down under either of these registration statements will only be done with the advance approval of our Board of Directors."

Broadcom Corp.

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