Nokia selects Broadcom as a next generation 3G ...
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Extends existing 2G baseband relationship into next generation 3G
mobile devices
Espoo, Finland and Irvine, CA, USA - Nokia, the world leader in
mobility, has selected Broadcom Corporation (Nasdaq: BRCM), a global
leader in semiconductors for wired and wireless communications, as a
next generation 3G baseband, radio frequency (RF) and mixed signal
chipset system supplier for worldwide markets. The two parties will
cooperate on technology, including Nokia modem technology.
"We are very pleased to have been selected by Nokia as a 3G HSPA
supplier leveraging Broadcom's strengths in mixed signal, multimedia
and cellular platform technologies," said Scott McGregor, Broadcom's
President & Chief Executive Officer. "We look forward to developing
great products and continuing to build upon our existing relationship
to help Nokia realize their mission of 'Connecting People'."
"Today's announcement with Broadcom is a further example of Nokia's
commitment to our diversified, multi-supplier chipset strategy," said
Kai Oistamo, Executive Vice President, Devices, Nokia. "This
agreement, which targets low cost, high volume markets, demonstrates
that we view Broadcom as a reliable supplier to bring the benefits of
3G to Nokia customers around the world."
About Nokia
Nokia is the world leader in mobility, driving the transformation and
growth of the converging Internet and communications industries. We
make a wide range of mobile devices with services and software that
enable people to experience music, navigation, video, television,
imaging, games, business mobility and more. Developing and growing
our offering of consumer Internet services, as well as our enterprise
solutions and software, is a key area of focus. We also provide
equipment, solutions and services for communications networks through
Nokia Siemens Networks.
About Broadcom
Broadcom Corporation is a major technology innovator and global
leader in semiconductors for wired and wireless communications.
Broadcom products enable the delivery of voice, video, data and
multimedia to and throughout the home, the office and the mobile
environment. Broadcom provides the industry's broadest portfolio of
state-of-the-art system-on-a-chip and software solutions to
manufacturers of computing and networking equipment, digital
entertainment and broadband access products, and mobile devices.
These solutions support Broadcom's core mission: Connecting
everything®.
Broadcom is one of the world's largest fabless semiconductor
companies, with 2008 revenue of $4.66 billion, and holds over 3,100
U.S. and over 14300 foreign patents, more than 7,600 additional
pending patent applications, and one of the broadest intellectual
property portfolios addressing both wired and wireless transmission
of voice, video, data and multimedia.
Broadcom is headquartered in Irvine, Calif., and has offices and
research facilities in North America, Asia and Europe. Broadcom may
be contacted at +1.949.926.5000 or at www.broadcom.com.
Cautions regarding Forward Looking Statements:
All statements included or incorporated by reference in this release,
other than statements or characterizations of historical fact, are
forward-looking statements. These forward-looking statements are
based onBroadcom and Nokia'a current expectations, estimates and
projections about their respective industry and businesses,
respective management's beliefs, and certain assumptions made by
Broadcom and Nokia, all of which are subject to change.
Forward-looking statements can often be identified by words such as
"anticipates," "expects," "intends," "plans," "predicts," "believes,"
"seeks," "estimates," "may," "will," "should," "would," "could,"
"potential," "continue," "ongoing," similar expressions, and
variations or negatives of these words. Examples of such
forward-looking statements include, but are not limited to,
Broadcom's relationship with Nokia, the demand for 3G baseband
processor products, Broadcom's position in that market, and the
timing of volume production for Broadcom 3G baseband processors.
These forward-looking statements are not guarantees of future results
and are subject to risks, uncertainties and assumptions that could
cause actual results to differ materially and adversely from those
expressed in any forward-looking statement.
Important factors that may cause such a difference for Broadcom in
connection with Broadcom baseband processors include, but are not
limited to
- trends in the mobile handset markets in various geographic regions,
including seasonality in sales of consumer products into which
Broadcom's products are incorporated, and possible disruption in
commercial activities related to economic conditions in the United
States and other locations;
- the rate at which present and future customers and end-users adopt
Broadcom's technologies and products in the markets for cellular
handset devices;
- changes in Broadcom's product or customer mix;
- the volume of product sales and pricing concessions on volume
sales;
- Broadcom's ability to timely and accurately predict market
requirements and evolving industry standards and to identify
opportunities in new markets; and
- competitive pressures and other factors such as the qualification,
availability and pricing of competing products and technologies and
the resulting effects on sales and pricing of our products.
Additional factors that may cause Broadcom's actual results to differ
materially from those expressed in forward-looking statements
include, but are not limited to the list that can be found at
http://www.broadcom.com/press/additional_risk_factors/Q12009.php.
Broadcom's Annual Report on Form 10-K, subsequent Quarterly Reports
on Form 10-Q, recent Current Reports on Form 8-K, and other
Securities and Exchange Commission filings discuss the foregoing
risks as well as other important risk factors that could contribute
to such differences or otherwise affect Broadcom's business, results
of operations and financial condition. The forward-looking
statements in this release speak only as of this date. Broadcom
undertakes no obligation to revise or update publicly any
forward-looking statement, except as required by law.
Broadcom®, the pulse logo, Connecting everything®, and the Connecting
everything logo are among the trademarks of Broadcom Corporation
and/or its affiliates in the United States, certain other countries
and/or the EU. Any other trademarks or trade names mentioned are the
property of their respective owners.
Media Enquiries:
Broadcom Trade Press Contact
Henry Rael, Public Relations Manager
Tel. +1 949 926 5734
Email: hrael@broadcom.com
Broadcom Investor Relations Contact
T. Peter Andrew, Vice President, Corporate Communications
Tel. +1 949 926 5663
Email: andrewtp@broadcom.com
Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com
www.nokia.com
--- End of Message ---
NOKIA
P.O. Box 226<br>FIN-00045 NOKIA GROUP Espoo
WKN: 870737;
ISIN: FI0009000681; Index: DJ STOXX Large 200, DJ STOXX 50;
Listed: Nordic list (Large Cap) in THE HELSINKI STOCK EXCHANGE;
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