More Q2 news …(2)
Wed, 07/18/2001 - 8:00pm
Broadcom Corp. reported net losses of $41.1 million, or 16 cents a share, excluding nonrecurring charges and certain expenses, compared with a $61.1 million net gain a year ago. Net revenue fell 14 percent to $210.9 million. The results meet the company's revised expectations it announced last month, says President and CEO Henry T. Nicholas III. The company says this quarter it released its sixth-generation cable modem chip, and a pair of upstream and downstream, advanced physical layer cable headend chips for DOCSIS and EuroDOCSIS cable networks. ANTEC Corp. cited a "widespread slowdown in telecommunications infrastructure spending" for its second-quarter revenue of $177.2 million, down from $283 million a year ago. The company also showed a net loss of $4.35 million, or 11 cents a diluted share, compared with a net gain of $12.1 million, or 29 cents a share, a year ago. The 11-cent earnings per diluted share exclude $5 million in severance payments and $4.7 million in one-time warranty expenses, ANTEC says. Cable, telephony and Internet access sales reached $68.1 million this quarter, compared with $87.5 million a year ago. EarthLink Inc. reported a net loss of $90.5 million, including acquisition and merger-related costs. Revenue grew to $303.8 million, up 32 percent from a year ago, it says. The company says broadband access is its biggest area of growth, now accounting for 13 percent of its total revenues, compared with 4 percent a year ago. Its subscriber base grew to 346,000 from 80,000 a year ago.