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2007 International CES -- Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, today announced that its BCM3560 digital TV system-on-a-chip (SoC) has been selected by Westinghouse Digital for their 32- inch and 27-inch liquid crystal display high definition televisions (LCD HDTVs). Developed as a highly integrated HDTV solution with superior video quality and performance, the Broadcom(R) BCM3560 digital TV SoC provides a significantly lower bill of material (BOM) cost that appeals to most HDTV manufacturers. One example is Westinghouse Digital which has leveraged these capabilities to deliver a new generation of LCD HDTVs with advanced video quality and a lower BOM cost to customers.
"The HDTV set market grew from 20 million units in 2005 to 40 million units in 2006," said Michelle Abraham, Principal Analyst at In-Stat. "The HDTV market is poised to surge over the next couple years and products that offer higher performance, at consumer price points, will insure market success."
The BCM3560 is a highly integrated SoC television solution that enables manufacturers to develop complete lines of affordable TVs in support of analog, high definition, standard definition, and digital cable television programming that features superior video, audio and graphics quality. The level of integration and advanced performance achieved with the BCM3560 is enabling manufacturers to cost-effectively transition product lines to affordable high-quality analog/digital televisions in a variety of size and display options.
"Once we incorporated the BCM3560 SoC, we experienced significant enhancements in the video quality of our 32-inch and 27-inch HDTV displays," said, Darwin Chang, Chief Technical Officer of Westinghouse Digital. "We selected the BCM3560 based on advanced video performance and lower overall system cost, and believe by working with Broadcom, we can take advantage of other technical expertise in wired and wireless connectivity as we look for ways to differentiate our television product lines."
Westinghouse Digital has incorporated the BCM3560 into the new 27" and the 32" LCD HDTVs. The new units offer sleek designs and feature-rich options and are designed to be the centerpiece of a home entertainment system. Home theater aficionados, gamers and sports buffs alike will revel in the TVs' 720p/1080i resolution, fast 8-millisecond response time, and abundance of connection options including one HDMI and one DVI, component, composite, S- video, one VGA, RF tuner, one SPDIF and stereo out..
"Westinghouse Digital's new LCD HDTVs are a testimonial to the advanced video capabilities that the BCM3560 provides to TV manufacturers," said Stuart Thomson, Director of Marketing for Broadcom's Digital TV line of business. "By implementing the BCM3560 SoC, Westinghouse Digital is able to offer consumers an incredible entertainment experience on an affordable, large- screen HDTV display, which was typically unheard of a year ago."
Broadcom's Broadband Communications Group
Broadcom offers manufacturers a range of broadband communications and consumer electronics SoC's that enable voice, video and data services over residential wired and wireless networks. These highly integrated silicon solutions continue to enable the most advanced system solutions on the market, which include digital cable, satellite and IP set-top boxes and media servers, broadband modems and residential gateways, high definition and digital televisions, HD DVD and Blu-ray(TM) disc players, DVD recorders and personal video recorders.
About Broadcom
Broadcom Corporation is a global leader in semiconductors for wired and wireless communications. Our 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 our core mission: Connecting everything(R).
Broadcom, one of the world's largest fabless semiconductor companies with 2005 revenue of more than $2.67 billion, is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe.
About Westinghouse Digital Electronics
Westinghouse Digital Electronics, one of the top five LCD TV manufacturers in the U.S., provides consumers with a full line of innovative LCD displays and other consumer electronics products, delivering the latest digital content for the ultimate entertainment experience. Westinghouse Digital's innovative and easy-to-use LCD-based product line includes a complete family of 720p and 1080p LCD HDTVs and HD 1080p monitors in a wide range of sizes and formats, HD Grade(TM) computer standard and widescreen monitors, digital photo frames and its new notebook/HDTV bundle. Westinghouse Digital is dedicated to providing consumers with stylish, feature-rich and high-quality entertainment devices to meet the needs of every household member.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
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 on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, 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. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our 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 digital TV products include, but are not limited to, general economic and political conditions and specific conditions in the markets we address, including the volatility in the technology sector and semiconductor industry, trends in the broadband communications markets in various geographic regions, including seasonality in sales of consumer products into which our products are incorporated, and possible disruption in commercial activities related to terrorist activity or armed conflict in the United States and other locations; uncertainties as a result of the company's previously-disclosed ongoing review of its practices in respect of options/equity grants to employees, and the publicized more general review of option grant practices throughout the technology and other industries by public regulatory bodies, and potential changes in accounting and other practices resulting therefrom; the rate at which our present and future customers and end-users adopt Broadcom's technologies and products in the markets for high-performance digital TV applications; delays in the adoption and acceptance of industry standards in those markets; the timing, rescheduling or cancellation of significant customer orders and our ability, as well as the ability of our customers, to manage inventory; the gain or loss of a key customer, design win or order; our ability to scale our operations in response to changes in demand for our existing products and services or demand for new products requested by our customers; intellectual property disputes and customer indemnification claims and other types of litigation risk; our ability to specify, develop or acquire, complete, introduce, market and transition to volume production new products and technologies in a cost-effective and timely manner; our ability to retain, recruit and hire key executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement our business and product plans; problems or delays that we may face in shifting our products to smaller geometry process technologies and in achieving higher levels of design integration; 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; the timing of customer-industry qualification and certification of our products and the risks of non-qualification or non-certification; our ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets; changes in our product or customer mix; the volume of our product sales and pricing concessions on volume sales; the availability and pricing of third party semiconductor foundry, assembly and test capacity and raw materials; fluctuations in the manufacturing yields of our third party semiconductor foundries and other problems or delays in the fabrication, assembly, testing or delivery of our products; the risks of producing products with new suppliers and at new fabrication and assembly facilities; the quality of our products and any remediation costs; the effectiveness of our expense and product cost control and reduction efforts; the risks and uncertainties associated with our international operations, particularly in light of recent events; the effects of natural disasters, public health emergencies, international conflicts and other events beyond our control; the level of orders received that can be shipped in a fiscal quarter; and other factors.
Our 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 our business, results of operations and financial condition. The forward-looking statements in this release speak only as of this date. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.
Broadcom(R), the pulse logo, Connecting everything(R), 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. Blu- ray(TM) is a trademark of the Blu-ray Disc Association. Any other trademarks or trade names mentioned are the property of their respective owners.
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