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Broadcom Completes Percello Buy

IRVINE, Calif. — Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, today announced that it has completed the acquisition of Percello Ltd., a privately-held company that develops system-on-a-chip (SoC) solutions for femtocells.

In connection with the acquisition, Broadcom paid approximately $86 million to acquire all of the outstanding shares of capital stock and other rights of Percello Ltd. The purchase price was paid in cash, except that a portion of such purchase price attributable to unvested employee stock options was paid in Broadcom restricted stock units. A portion of the cash consideration payable to the stockholders was placed into escrow. Additional consideration was reserved for future payment upon satisfaction of certain performance goals. Excluding any purchase accounting related adjustments or fair value measurements, Broadcom expects the acquisition of Percello Ltd. to be approximately neutral to earnings per share in 2011.

{complink 831|Broadcom Corp.}

{complink 11555|Percello Ltd.}

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