Exhibit 99.1

NEWS RELEASE

Broadcom Business Press Contact		Broadcom Investor Relations Contact
Bob Marsocci		Chris Zegarelli
Vice President, Corporate Communications		Director, Investor Relations
949-926-5458		949-926-7567
bmarsocci@broadcom.com		czegarel@broadcom.com

Broadcom Reports Fourth Quarter and Full Year 2010 Results

Record Quarterly Net Revenue — Up 45% from Prior Year

Conference Call to be Webcast Today at 1:45 p.m. Pacific Time

Q4 Summary

	•		Total Revenue: $1.95 billion (up 45% year over year)
	•		Gross Margin: 50.9% (Product Gross Margin: 49.4%)
	•		Operating Margin: 13.8%
	•		Net Income: $266 million
	•		Diluted GAAP Earnings per Share: $0.47 (includes $0.11 of non-recurring settlement and asset impairment charges)
	•		Cash Flow from Operations: $452 million

Full Year 2010 Summary

	•		Total Revenue: $6.82 billion (up 52% year over year)
	•		Gross Margin: 51.8% (Product Gross Margin: 50.2%)
	•		Operating Margin: 15.9%
	•		Net Income: $1.08 billion
	•		Diluted GAAP Earnings per Share: $1.99 (includes $0.13 of non-recurring settlement and asset impairment charges)
	•		Cash Flow from Operations: $1.37 billion

IRVINE, Calif. – February 1, 2011 – Broadcom Corporation (Nasdaq: BRCM) today reported unaudited financial results for its fourth quarter and year ended December 31, 2010.

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Broadcom Reports Fourth Quarter and Full Year 2010 Results
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Net revenue for the fourth quarter of 2010 was a record $1.95 billion. This represents an increase in net revenue of 7.7% compared with the $1.81 billion reported for the third quarter of 2010 and an increase of 44.9% compared with the $1.34 billion reported for the fourth quarter of 2009. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the fourth quarter of 2010 was $266 million, or $.47 per share (diluted), compared with GAAP net income of $327 million, or $.60 per share (diluted), for the third quarter of 2010, and GAAP net income of $59 million, or $.11 per share (diluted), for the fourth quarter of 2009.

Net revenue for the year ended December 31, 2010 was $6.82 billion. This represents an increase in net revenue of 51.8% from the $4.49 billion reported for the year ended December 31, 2009. Net income computed in accordance with GAAP for the year ended December 31, 2010 was $1.08 billion, or $1.99 per share (diluted), compared with GAAP net income of $65 million, or $.13 per share (diluted), for the year ended December 31, 2009.

For a discussion of certain selected transactions and their related accounting impact for all periods presented, see the “Unaudited Supplementary Financial Data” schedule below.

“I am very pleased with our record performance in 2010, as Broadcom gained significant market share and delivered record revenue, earnings per share, and cash flow from operations,” said Scott A. McGregor, Broadcom’s President and Chief Executive Officer. “Our achievements highlight the incredible capabilities of our employees to create innovative solutions in the wired and wireless communications markets.”

“Our record results, powerful balance sheet and strong operating cash flow enable us to increase our dividend by 12.5% and accelerate share repurchases, reflecting our continued commitment to returning capital to our shareholders. Looking ahead, we will focus on continuing to grow revenue faster than our peers and to gain share in our core markets, while maintaining financial discipline.”

Conference Call Information

As previously announced, Broadcom will conduct a conference call with analysts and investors to discuss its fourth quarter and year-end financial results and current financial prospects today at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time). The company will

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broadcast the conference call via webcast over the Internet. To listen to the webcast, or to view the financial and other statistical information required by Securities and Exchange Commission (SEC) Regulation G, please visit the Investors section of the Broadcom website at www.broadcom.com/investors. The webcast will be recorded and available for replay until 10:00 p.m. Pacific Time on Tuesday, February 22, 2011.

The financial results included in this release are unaudited. The audited financial statements of the company for the year ended December 31, 2010 will be included in Broadcom’s Annual Report on Form 10-K, to be filed with the SEC as soon as practicable.

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. We provide 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^®.

Broadcom, one of the world’s largest fabless communications semiconductor companies, with 2010 revenue of $6.82 billion, holds more than 4,800 U.S. and 2,000 foreign patents, and has more than 7,800 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.

A FORTUNE 500^® company, 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.

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Note Regarding Use of Non-GAAP Financial Measures

Broadcom reports income from operations in accordance with GAAP and supplementally on a non-GAAP basis, referred to in this release as “non-GAAP income from operations.” Broadcom’s presentation of non-GAAP income from operations excludes certain charges related to acquisitions, stock-based compensation expense, employer payroll tax expense on certain stock option exercises, settlement costs, impairment of goodwill or other long-lived assets, restructuring costs (reversals) and charitable contributions to the Broadcom Foundation. Stock-based compensation expense primarily includes the impact of stock options and restricted stock units issued by Broadcom. Reconciliations of GAAP income from operations to non-GAAP income from operations for the three months ended and years ended December 31, 2010 and 2009 appear in the financial statements portion of this release.

Broadcom believes that the presentation of non-GAAP income from operations provides important supplemental information to management and investors regarding financial and business trends relating to our financial condition and results of operations. Broadcom’s management believes that the use of these non-GAAP financial measures provides consistency and comparability among and between results from prior periods or forecasts and future prospects, and also facilitates comparisons with other companies in our industry, many of which use similar non-GAAP financial measures to supplement their GAAP results. Broadcom’s management has historically used non-GAAP income from operations when evaluating operating performance, because we believe that the inclusion or exclusion of the items described above provides insight into our core operating results, our ability to generate cash and underlying business trends affecting our performance. Broadcom has chosen to provide this information to investors to enable them to perform additional analyses of past, present and future operating performance and as a supplemental means to evaluate our ongoing core operations. The non-GAAP financial information presented herein should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

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For additional information on the items excluded by Broadcom from one or more of its non-GAAP financial measures, refer to the Form 8-K regarding this release furnished today to the Securities and Exchange Commission.

Cautions regarding Forward-Looking Statements:

All statements included or incorporated by reference in this release and the related conference call for analysts and investors, 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 business and industry, 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. Examples of such forward-looking statements include, but are not limited to, guidance provided on future revenue, gross product margin and operating expense targets for the first quarter of 2011, references to opportunities within the wired and wireless communication markets to grow revenue and gain share in core markets and statements about our intention to pay quarterly cash dividends and return capital to shareholders. 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.

These risks and uncertainties include, but are not limited to the following:

	•		We face intense competition.
	•		We depend on a few significant customers for a substantial portion of our revenue.
	•		Our quarterly operating results may fluctuate significantly.
	•		We may fail to adjust our operations in response to changes in demand.
	•		We face risks associated with our acquisition strategy.
	•		Our operating results may be adversely impacted by worldwide economic uncertainties and specific conditions in the markets we address.
	•		We may be required to defend against alleged infringement of intellectual property rights.
	•		Our stock price is highly volatile.
	•		We may not be able to protect or enforce our intellectual property rights.
	•		Our business is subject to potential tax liabilities.
	•		We manufacture and sell complex products and may be unable to successfully develop and introduce new products.

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	•		We are subject to order and shipment uncertainties.
	•		We are exposed to risks associated with our international operations.
	•		We depend on third-party subcontractors to fabricate, assemble and test our products.
	•		Government regulation may adversely affect our business.
	•		We may be unable to attract, retain or motivate key personnel.
	•		Our co-founders and their affiliates may control the outcome of matters that require the approval of our shareholders.
	•		There can be no assurance that we will continue to declare cash dividends.
	•		Our articles of incorporation and bylaws contain anti-takeover provisions.

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 and the related conference call for analysts and investors speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.

BroadcomÒ, the pulse logo, Connecting everythingÒ, 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.

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Broadcom Reports Fourth Quarter and Full Year 2010 Results

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BROADCOM CORPORATION
Unaudited GAAP Condensed Consolidated Statements of Income
(In thousands, except per share amounts)

		Three Months Ended								Years Ended
		December 31,								December 31,
		2010				2009				2010				2009
Net revenue:
Product revenue		$	1,889,139			$	1,283,434			$	6,589,270			$	4,272,726
Income from Qualcomm Agreement			51,674				51,674				206,696				170,611
Licensing revenue			4,742				7,638				22,353				46,986
Total net revenue			1,945,555				1,342,746				6,818,319				4,490,323
Costs and expenses:
Cost of product revenue			955,711				630,259				3,284,213				2,210,559
Research and development			472,260				396,254				1,762,323				1,534,918
Selling, general and administrative			168,728				84,424				590,572				479,362
Amortization of purchased intangible assets			14,678				2,091				27,570				14,548
Impairment of other long-lived assets			17,260				—				19,045				18,895
Settlement costs, net			48,809				175,724				52,625				118,468
Restructuring costs (reversals), net			—				(4,829	)			111				7,501
Charitable contribution			—				—				—				50,000
Total operating costs and expenses			1,677,446				1,283,923				5,736,459				4,434,251
Income from operations			268,109				58,823				1,081,860				56,072
Interest income, net			990				2,539				9,032				13,901
Other income (expense), net			2,749				(269	)			6,428				2,218
Income before income taxes			271,848				61,093				1,097,320				72,191
Provision for income taxes			5,659				1,889				15,520				6,930
Net income		$	266,189			$	59,204			$	1,081,800			$	65,261
Net income per share (basic)		$	.50			$	.12			$	2.13			$	0.13
Net income per share (diluted)		$	.47			$	.11			$	1.99			$	0.13
Weighted average shares (basic)			528,272				495,356				508,444				494,038
Weighted average shares (diluted)			568,730				524,903				544,612				512,645
Dividends per share		$	0.08			$	—			$	0.32			$	—

     The following table presents details of total stock-based compensation expense included in each functional line item in the unaudited condensed consolidated statements of income above:

		Three Months Ended								Years Ended
		December 31,								December 31,
		2010				2009				2010				2009
Cost of product revenue		$	5,652			$	5,961			$	22,502			$	24,545
Research and development			88,756				85,186				341,733				351,884
Selling, general and administrative			30,142				30,101				118,789				119,918

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BROADCOM CORPORATION
Unaudited Condensed Consolidated Statements of Cash Flows
(In thousands)

		Three Months Ended								Years Ended
		December 31,								December 31,
		2010				2009				2010				2009
Operating activities
Net income		$	266,189			$	59,204			$	1,081,800			$	65,261
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			20,762				27,121				78,732				74,435
Stock-based compensation expense:
Stock options and other awards			34,210				33,329				121,341				159,790
Restricted stock units			90,340				87,919				361,683				336,557
Acquisition-related items:
Amortization of purchased intangible assets			22,520				6,186				58,594				30,744
Impairment of long-lived assets			17,260				—				19,045				18,895
Non-cash restructuring (reversals)			—				(4,665	)			(313	)			(1,944	)
Gain on sale of marketable securities			—				—				—				(1,046	)
Gain on sale of strategic investments, net			(2,490	)			—				(2,490	)			—
Changes in operating assets and liabilities:
Accounts receivable			(2,618	)			37,620				(286,681	)			(131,656	)
Inventory			(43,014	)			(46,877	)			(208,095	)			12,013
Prepaid expenses and other assets			(8,282	)			(11,258	)			26,821				8,714
Accounts payable			16,816				10,460				145,808				122,985
Deferred revenue and income			(3,858	)			(9,062	)			(31,841	)			71,760
Accrued settlement costs			44,074				163,600				(122,306	)			170,500
Other accrued and long-term liabilities			(404	)			(21,649	)			128,728				49,885
Net cash provided by operating activities			451,505				331,928				1,370,826				986,893
Investing activities
Net purchases of property and equipment			(26,894	)			(17,796	)			(108,924	)			(66,570	)
Net cash paid for acquired companies			(449,081	)			(166,100	)			(599,479	)			(165,258	)
Sales (purchases) of strategic investments			4,490				—				(3,510	)			(2,000	)
Purchases of marketable securities			(1,516,979	)			(80,709	)			(2,933,715	)			(1,138,681	)
Proceeds from sales and maturities of marketable securities			745,135				133,775				1,467,595				871,152
Net cash used in investing activities			(1,243,329	)			(130,830	)			(2,178,033	)			(501,357	)
Financing activities
Proceeds from issuance of long-term debt, net			691,393				—				691,393				—
Repurchases of Class A common stock			(4,872	)			(215,352	)			(280,336	)			(421,869	)
Dividends paid			(42,752	)			—				(163,432	)			—
Payment of debt assumed in acquisitions			—				—				(14,560	)			—
Proceeds from issuance of common stock			564,643				89,980				936,326				227,209
Minimum tax withholding paid on behalf of employees for restricted stock units			(40,105	)			(23,854	)			(136,854	)			(84,428	)
Net cash provided by (used in) financing activities			1,168,307				(149,226	)			1,032,537				(279,088	)
Increase in cash and cash equivalents			376,483				51,872				225,330				206,448
Cash and cash equivalents at beginning of period			1,245,940				1,345,221				1,397,093				1,190,645
Cash and cash equivalents at end of period		$	1,622,423			$	1,397,093			$	1,622,423			$	1,397,093

UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION

		December 31,				September 30,				December 31,
		2010				2010				2009
						(In thousands)
Cash and cash equivalents		$	1,622,423			$	1,245,940			$	1,397,093
Short-term marketable securities			1,035,252				1,148,139				532,281
Long-term marketable securities			1,400,706				520,276				438,616
Total cash, cash equivalents and marketable securities		$	4,058,381			$	2,914,355			$	2,367,990
Increase from prior period end		$	1,144,026
Increase from prior year end		$	1,690,391

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BROADCOM CORPORATION
Unaudited Condensed Consolidated Balance Sheets
(In thousands)

		December 31,				December 31,
		2010				2009
ASSETS
Current assets:
Cash and cash equivalents		$	1,622,423			$	1,397,093
Short-term marketable securities			1,035,252				532,281
Accounts receivable, net			819,629				508,627
Inventory			597,955				362,428
Prepaid expenses and other current assets			108,248				113,903
Total current assets			4,183,507				2,914,332
Property and equipment, net			266,297				229,317
Long-term marketable securities			1,400,706				438,616
Goodwill			1,677,097				1,329,614
Purchased intangible assets, net			365,840				150,927
Other assets			50,863				64,436
Total assets		$	7,944,310			$	5,127,242
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable		$	604,383			$	437,353
Wages and related benefits			207,607				190,315
Deferred revenue and income			55,116				87,388
Accrued liabilities			404,090				433,294
Total current liabilities			1,271,196				1,148,350
Long-term debt			696,978				—
Long-term deferred revenue			1,039				608
Other long-term liabilities			149,008				86,438
Commitments and contingencies
Shareholders’ equity			5,826,089				3,891,846
Total liabilities and shareholders’ equity		$	7,944,310			$	5,127,242

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BROADCOM CORPORATION
Unaudited Reconciliation of Non-GAAP Adjustments
(In thousands)

     The following represents a reconciliation (unaudited) of GAAP income from operations to non-GAAP income from operations.

		Three Months Ended								Years Ended
		December 31,								December 31,
		2010				2009				2010				2009
GAAP income from operations		$	268,109			$	58,823			$	1,081,860			$	56,072
Cost of Product Revenue:
Stock-based compensation			5,652				5,961				22,502				24,545
Amortization of purchased intangible assets			7,842				4,095				31,024				16,196
Amortization of acquired inventory valuation step-up			2,715				1,546				9,644				9,225
Employer payroll tax expense on certain stock option exercises			391				72				733				235
Research and development:
Stock-based compensation			88,756				85,186				341,733				351,884
Employer payroll tax expense on certain stock option exercises			4,414				933				8,804				3,692
Selling, general and administrative:
Stock-based compensation			30,142				30,101				118,789				119,918
Employer payroll tax expense on certain stock option exercises			1,611				294				3,004				939
Other operating costs and expenses:
Amortization of purchased intangible assets			14,678				2,091				27,570				14,548
Impairment of other long-lived assets(1)			17,260				—				19,045				18,895
Restructuring costs (reversals), net(2)			—				(4,829	)			111				7,501
Settlement costs, net(3)			48,809				175,724				52,625				118,468
Charitable contribution(4)			—				—				—				50,000
Non-GAAP income from operations		$	490,379			$	359,997			$	1,717,444			$	792,118

Non-GAAP Adjustments

The above non-GAAP adjustments are based upon our unaudited consolidated statements of operations for the periods shown. These adjustments are not in accordance with, or an alternative for GAAP. The non-GAAP financial information presented herein should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

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BROADCOM CORPORATION
Unaudited Non-GAAP Condensed Consolidated Statements of Income from Operations
(In thousands)

		Three Months Ended								Years Ended
		December 31,								December 31,
		2010				2009				2010				2009
Net revenue:
Product revenue		$	1,889,139			$	1,283,434			$	6,589,270			$	4,272,726
Income from Qualcomm Agreement			51,674				51,674				206,696				170,611
Licensing revenue			4,742				7,638				22,353				46,986
Total net revenue			1,945,555				1,342,746				6,818,319				4,490,323
Non-GAAP costs and expenses:
Cost of product revenue			939,111				618,585				3,220,310				2,160,358
Research and development			379,090				310,135				1,411,786				1,179,342
Selling, general and administrative			136,975				54,029				468,779				358,505
Total Non-GAAP operating costs and expenses			1,455,176				982,749				5,100,875				3,698,205
Non-GAAP income from operations		$	490,379			$	359,997			$	1,717,444			$	792,118

Non-GAAP Financial Statements

The above non-GAAP statements are based upon our unaudited consolidated statements of operations for the periods shown, giving effect to the adjustments shown in the attached reconciliation. This presentation is not in accordance with, or an alternative for GAAP. The non-GAAP financial information presented herein should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

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BROADCOM CORPORATION
Unaudited Supplementary Financial Data
(In thousands)

		Three Months Ended
		December 31, 2010				December 31, 2009				September 30, 2010
Product revenue		$	1,889,139			$	1,283,434			$	1,748,692
Income from Qualcomm Agreement			51,674				51,674				51,674
Licensing revenue			4,742				7,638				5,651
Total net revenue		$	1,945,555			$	1,342,746			$	1,806,017
Cost of product revenue		$	955,711			$	630,259			$	871,951
Product gross margin			49.4	%			50.9	%			50.1	%
Total gross margin			50.9	%			53.1	%			51.7	%

		Three Months Ended
		December 31, 2010				December 31, 2009
GAAP income from operations		$	268,109			$	58,823
Adjustments			222,270				301,174
Non-GAAP income from operations		$	490,379			$	359,997

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BROADCOM CORPORATION
Guidance for the Three Months Ending March 31, 2011

		Three Months Ending
		March 31, 2011		Commentary
Total Net Revenue (in millions)		$1,750 million to $1,850 million
Product Gross Margin (GAAP)		Flat, net of increased step-up and amortization costs of roughly 60 bp
Research & development and selling, general, and administrative expenses (GAAP) (in millions)		Up $45 million to $55 million from Q4’10		Driven by annual employee merit, fringe step-up, stock-based compensation and increased legal expenses
Share Count (GAAP Diluted)		~585-590 million shares

Broadcom has based the preceding guidance for the three months ending March 31, 2011 on expectations, assumptions and estimates that we believe are reasonable given our assessment of historical trends and other information reasonably available as of February 1, 2011. Our guidance consists of predictions only, however, and is subject to a wide range of known and unknown business risks and uncertainties, many of which are beyond our control. The forecasts and projections contained in the table above should not be regarded as representations by Broadcom that the estimated results will be achieved. Projections and estimates are necessarily speculative in nature and actual results may vary materially from the guidance we provide today.

The guidance set forth in the above table should be read together with the information under the caption, “Cautions regarding Forward-Looking Statements” above, our Annual Report on Form 10-K for the year ended December 31, 2010, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and our other Securities and Exchange Commission filings. We undertake no obligation to publicly update or revise any forward-looking statements, including the guidance set forth herein, except as required by law.

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