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EXHIBIT 99.1
NEWS RELEASE
MEDIA CONTACTS FINANCIAL ANALYST CONTACTS
Bill Blanning William J. Ruehle
Broadcom Broadcom
Corporate Communications VP & Chief Financial Officer
949-585-5555 949-450-8700
[email protected] [email protected]
Chuck Mulloy Doug Lusk
Intel Corporation Intel Corporation
Press Relations Investor Relations
408-765-3484 408-765-1679
[email protected] [email protected]
INTEL AND BROADCOM SETTLE LITIGATION
SANTA CLARA and IRVINE, Calif. -- Nov. 21, 2000 -- Intel Corporation and
Broadcom Corporation (Nasdaq: BRCM) today announced they have settled all claims
against each other brought under Intel's trade secret lawsuit against Broadcom,
filed in California Superior Court in March 2000, and under Broadcom's trade
secret cross-complaint against Intel, filed in June 2000. Both companies
expressed satisfaction with the terms of the settlement agreement, which are
confidential.
ABOUT INTEL
Intel, the world's largest chip maker, is also a leading manufacturer of
computer, networking and communications products. Additional information about
Intel is available at www.intel.com/pressroom.
ABOUT BROADCOM
Broadcom Corporation is the leading provider of highly integrated silicon
solutions that enable broadband digital transmission of voice, video, and data.
Using proprietary technologies and advanced design methodologies, the company
designs, develops and supplies integrated circuits for a number of the most
significant broadband communications markets, including the markets for cable
set-top boxes, cable modems, high-speed local, metropolitan and wide area
networks, home networking, Voice over Internet Protocol (VoIP), carrier access,
residential broadband gateways, direct broadcast satellite and terrestrial
digital broadcast, optical networking, digital subscriber lines (DSL) and
wireless communications. Broadcom is headquartered in Irvine, Calif., and may be
contacted at 949-450-8700 or at www.broadcom.com.
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Intel(R) is a trademark of Intel Corporation in the United States and certain
other countries. Broadcom(R) is a trademark of Broadcom Corporation in the
United States and certain other countries.
