Exhibit 99.1

NEWS RELEASE

Broadcom Trade Press Contact	Broadcom Investor Relations Contact
Bill Blanning	T. Peter Andrew
Vice President, Global Media Relations	Vice President, Corporate Communications
949-926-5555	949-926-5663
blanning@broadcom.com	andrewtp@broadcom.com

Broadcom Reports Third Quarter 2008 Results

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

IRVINE, Calif. — October 21, 2008 — Broadcom Corporation (Nasdaq: BRCM) today reported unaudited financial results for its third quarter ended September 30, 2008.

Net revenue for the third quarter of 2008 was $1.298 billion, an increase of 8.1% compared with the $1.201 billion reported for the second quarter of 2008 and an increase of 36.7% compared with the $950.0 million reported for the third quarter of 2007. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the third quarter of 2008 was $164.9 million, or $.31 per share (diluted), compared with GAAP net income of $134.8 million, or $.25 per share (diluted), for the second quarter of 2008, and GAAP net income of $27.8 million, or $.05 per share (diluted), for the third quarter of 2007.

Net revenue for the nine months ended September 30, 2008 was $3.532 billion, an increase of 28.5% from the $2.749 billion reported for the nine months ended September 30, 2007. Net income computed in accordance with GAAP for the nine months ended September 30, 2008 was $374.0 million, or $.70 per share (diluted), compared with GAAP net income of $123.0 million, or $.21 per share (diluted), for the nine months ended September 30, 2007.

Net revenue for the nine months ended September 30, 2008 included royalties of $109.2 million received pursuant to a patent license agreement entered into in July 2007. The

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royalty received in the second and third quarters of 2008 was $35.6 million and $38.0 million, respectively.

“The third quarter was a great quarter for Broadcom. We achieved record revenue and cash flow from operations, and demonstrated our commitment to deliver profitable growth,” said Scott A. McGregor, Broadcom’s President & Chief Executive Officer. “As in prior economic slowdowns, we expect to enhance our competitive positioning and drive the next wave of communications convergence. The widespread acceptance of our combination solutions validates our strategy, and together with our rapid transition to 65nm process technology, should enable us to emerge in a much stronger position when the economy recovers.”

Conference Call Information

As previously announced, Broadcom will conduct a conference call with analysts and investors to discuss its third quarter 2008 financial results and current financial prospects today at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time). The company will broadcast the conference call via webcast over the Internet. To listen to the webcast, or to view the financial or 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. Please note that we have added additional information to this presentation regarding our revenue, gross margin and operating expenses. The webcast will be recorded and available for replay until 5:00 p.m. Pacific Time, Tuesday, November 4, 2008.

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^®.

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Broadcom is one of the world’s largest fabless semiconductor companies, with 2007 revenue of $3.78 billion, and currently holds more than 2,900 U.S. and 1,300 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 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 margin and operating expense targets for the fourth quarter of 2008 and references to our ability to emerge in a stronger position when the economy recovers. 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:

• general economic and political conditions and specific conditions in the markets we address, including the continuing volatility in the technology sector and semiconductor industry, current general economic volatility, 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;

• the timing, rescheduling or cancellation of significant customer orders and our ability, as well as the ability of our customers, to manage inventory;

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• our dependence on a few significant customers for a substantial portion of our revenue;

• the gain or loss of a key customer, design win or order;

• the rate at which our present and future customers and end-users adopt Broadcom’s technologies and products in our target markets;

• 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;

• risks and uncertainties resulting from Broadcom’s equity award review, including potential claims and proceedings related to such matters, such as shareholder litigation and any action by the SEC, U.S. Attorney’s Office or other governmental agency that has resulted in, and could result in further civil or criminal sanctions against the company and/or certain of our current or former officers, directors or employees, or other actions taken or required as a result of the review, and the extent to which we are able to receive reimbursement of our expenses related to such litigation and actions through our directors’ and officers’ insurance carriers. In the event that the company’s coverage under these policies is reduced or denied, our financial exposure would be increased;

• 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;

• intellectual property disputes and customer indemnification claims and other types of litigation risk;

• the effectiveness of our expense and product cost control and reduction efforts;

• 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;

• the risks inherent in acquisitions of technologies and businesses, including the timing and successful completion of technology and product development through volume production, integration issues, potential contractual, intellectual property or employment issues, the risk that anticipated benefits of the acquisition may not be realized, and accounting treatment and charges;

• the availability and pricing of third party semiconductor foundry, assembly and test capacity and raw materials;

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• the quality of our products and any potential remediation costs;

• 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;

• changes in our product or customer mix;

• the volume of our product sales and pricing concessions on volume sales;

• our ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets;

• the risks of producing products with new suppliers and at new fabrication and assembly and test facilities;

• problems or delays that we may face in shifting our products to smaller geometry process technologies and in achieving higher levels of design integration;

• delays in the adoption and acceptance of industry standards in our target markets;

• the timing of customer-industry qualification and certification of our products and the risks of non-qualification or non-certification;

• 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 and uncertainties associated with our international operations, particularly in light of terrorist activity, armed conflict or political unrest; and

• the level of orders received that can be shipped in a fiscal quarter.

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.

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.

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2008(a)			2007			2008(a)			2007
Net revenue	$	1,298,475		$	949,959		$	3,531,616		$	2,749,360
Cost of revenue		619,459			465,970			1,655,218			1,343,956
Gross profit		679,016			483,989			1,876,398			1,405,404
Operating expense:
Research and development		379,279			352,283			1,115,002			985,223
Selling, general and administrative		141,941			124,907			395,904			373,413
Amortization of purchased intangible assets		183			314			550			843
In-process research and development		—			4,970			10,900			15,470
Impairment of other intangible assets		250			—			2,150			1,500
Settlement costs		—			—			15,810			—
Restructuring costs (reversal)		—			—			(1,000	)		—
Income from operations		157,363			1,515			337,082			28,955
Interest income, net		12,451			31,443			44,983			101,355
Other expense, net		(3,720	)		(1,670	)		(2,987	)		(2,437	)
Income before income taxes		166,094			31,288			379,078			127,873
Provision for income taxes		1,188			3,528			5,069			4,866
Net income	$	164,906		$	27,760		$	374,009		$	123,007
Net income per share (basic)	$	.32		$	.05		$	.72		$	.23
Net income per share (diluted)	$	.31		$	.05		$	.70		$	.21
Weighted average shares (basic)		509,041			539,931			517,418			542,881
Weighted average shares (diluted)		523,759			577,583			531,187			579,479

(a) Includes royalties in the amount of $38.0 million and $109.2 million in the three and nine months ended September 30, 2008, respectively, received pursuant to a patent license agreement entered into in July 2007.

     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				Nine Months Ended
	September 30,				September 30,
	2008		2007		2008		2007
Cost of revenue	$	6,652	$	7,214	$	18,354	$	19,889
Research and development		93,334		94,619		262,043		263,882
Selling, general and administrative		33,328		37,023		93,661		106,256

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2008			2007			2008			2007
Operating activities
Net income	$	164,906		$	27,760		$	374,009		$	123,007
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		19,370			14,897			54,929			42,555
Stock-based compensation expense:
Stock options and other awards		53,684			84,128			168,891			249,326
Restricted stock units issued by the company		79,630			54,728			205,167			140,701
Acquisition-related items:
Amortization of purchased intangible assets		4,118			4,249			12,354			10,394
In-process research and development		—			4,970			10,900			15,470
Impairment of intangible assets		250			—			2,150			1,500
Impairment of strategic investments and marketable securities		4,287			2,121			6,047			4,769
Changes in operating assets and liabilities:
Accounts receivable		(21,183	)		(11,509	)		(131,998	)		(8,330	)
Inventory		(66,259	)		(20,399	)		(91,292	)		(8,929	)
Prepaid expenses and other assets		(20,387	)		(24,964	)		(1,629	)		(41,610	)
Accounts payable		23,503			44,547			147,332			55,149
Accrued settlement liabilities		—			—			(2,000	)		(2,000	)
Other accrued and long-term liabilities		44,330			30,507			17,757			30,800
Net cash provided by operating activities		286,249			211,035			772,617			612,802
Investing activities
Net purchases of property and equipment		(16,084	)		(15,939	)		(65,151	)		(123,318	)
Net cash paid for acquisitions and other purchased intangible assets		(57	)		(141,372	)		(29,795	)		(219,324	)
Purchases of strategic investments		—			—			(355	)		(3,194	)
Purchases of marketable securities		(772,012	)		(112,732	)		(1,109,673	)		(568,462	)
Proceeds from sales and maturities of marketable securities		291,424			156,960			512,022			821,092
Net cash used in investing activities		(496,729	)		(113,083	)		(692,952	)		(93,206	)
Financing activities
Repurchases of Class A common stock		(23,912	)		(170,534	)		(859,775	)		(811,822	)
Minimum tax withholding paid on behalf of employees for restricted stock units		(19,433	)		(16,453	)		(45,186	)		(53,032	)
Proceeds from issuance of common stock, net		23,968			81,912			114,582			224,362
Net cash used in financing activities		(19,377	)		(105,075	)		(790,379	)		(640,492	)
Decrease in cash and cash equivalents		(229,857	)		(7,123	)		(710,714	)		(120,896	)
Cash and cash equivalents at beginning of period		1,705,715			2,044,337			2,186,572			2,158,110
Cash and cash equivalents at end of period	$	1,475,858		$	2,037,214		$	1,475,858		$	2,037,214

UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION

	September 30,			June 30,		December 31,
	2008			2008		2007
	(In thousands)
Cash and cash equivalents	$	1,475,858		$	1,705,715	$	2,186,572
Short-term marketable securities		770,872			228,418		141,728
Long-term marketable securities		40,905			105,513		75,352
Total cash, cash equivalents and marketable securities	$	2,287,635		$	2,039,646	$	2,403,652
Increase from prior quarter end	$	247,989
Decrease from prior year end	$	(116,017	)

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BROADCOM CORPORATION
Unaudited Condensed Consolidated Balance Sheets
(In thousands)

	September 30,		December 31,
	2008		2007
ASSETS
Current assets:
Cash and cash equivalents	$	1,475,858	$	2,186,572
Short-term marketable securities		770,872		141,728
Accounts receivable, net		501,015		369,004
Inventory		322,605		231,313
Prepaid expenses and other current assets		105,481		125,663
Total current assets		3,175,831		3,054,280
Property and equipment, net		252,999		241,803
Long-term marketable securities		40,905		75,352
Goodwill		1,386,394		1,376,721
Purchased intangible assets, net		34,253		46,607
Other assets		58,293		43,430
Total assets	$	4,948,675	$	4,838,193
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	459,593	$	313,621
Wages and related benefits		166,137		147,853
Deferred revenue		10,246		15,864
Accrued liabilities		238,010		253,226
Total current liabilities		873,986		730,564
Commitments and contingencies
Long-term deferred revenue		4,764		8,108
Other long-term liabilities		65,879		63,373
Shareholders’ equity		4,004,046		4,036,148
Total liabilities and shareholders’ equity	$	4,948,675	$	4,838,193

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BROADCOM CORPORATION
Unaudited Supplementary Financial Data
(In thousands)

     The following table presents details of supplementary financial data included in each functional line item in the unaudited condensed consolidated statements of income:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2008			2007			2008			2007
Cost of revenue:
Stock-based compensation	$	6,652		$	7,214		$	18,354		$	19,889
Amortization of purchased intangible assets		3,935			3,935			11,804			9,551
Research and development:
Stock-based compensation		93,334			94,619			262,043			263,882
Selling, general and administrative:
Stock-based compensation		33,328			37,023			93,661			106,256
Recovery of legal fees related to Qualcomm litigation		—			—			(8,569	)		—
Other operating expense:
Amortization of purchased intangible assets		183			314			550			843
In-process research and development (1)		—			4,970			10,900			15,470
Impairment of intangible assets		250			—			2,150			1,500
Restructuring costs (reversal)		—			—			(1,000	)		—
Settlement costs (2)		—			—			15,810			—
Other:
Employer payroll tax expense on certain stock option exercises		1,532			1,484			3,631			4,304
Charges related to equity award review		—			—			—			3,409
Impairment of strategic investments		2,506			2,121			4,266			4,769
Non-operating gains		(193	)		(146	)		(193	)		(275	)

(1)	Recorded in connection with the company’s acquisition of Sunext Design, Inc. in the nine months ended September 30, 2008 and in connection with the company’s acquisition of LVL7 Systems, Octalica, Inc. and Global Locate, Inc. in the nine months ended September 30, 2007.
(2)	Recorded accrued settlement costs included $12.0 million related to Broadcom’s settlement with the Securities and Exchange Commission as well as $3.8 million related to a patent infringement claim settlement in the nine months ended September 30, 2008.

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BROADCOM CORPORATION
Guidance for the Three Months Ending December 31, 2008

	Three Months
	Ending December 31, 2008*
Net revenue	$	1,170 to $1,235 million
Gross margin	Down 50 to 75 basis points sequentially
Total operating expense (including stock-based compensation)	Up $12 to $17 million sequentially
Total stock-based compensation**	Approximately $130 million

*	Excludes the impact of the proposed AMD transaction.
**	Included in cost of revenue, research and development, and selling, general and administrative expenses.

Broadcom has based the preceding guidance for the three months ending December 31, 2008 on expectations, assumptions and estimates that we believe are reasonable given our assessment of historical trends and other information reasonably available as of October 21, 2008. 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 table above 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, 2007, 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.

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