BRCM: Nasdaq Panel Grants Broadcom's Request for Continued Listing

Broadcom Corporation (Nasdaq: BRCM) today announced that a Nasdaq Listing Qualifications Panel has granted the company's request for continued listing of its Class A common stock on The Nasdaq Global Select Market.

Broadcom's continued listing is subject to the following conditions:

(1) on or before January 7, 2007, the company must submit additional information to Nasdaq regarding the company's internal review of its historical equity award practices and related accounting; and

(2) on or before January 31, 2007, the company must file with the Securities and Exchange Commission its Quarterly Report on Form 10-Q for the quarter ended June 30, 2006, and all necessary restatements of its prior financial statements. Should the company be unable to meet these deadlines, there can be no assurance that Nasdaq will grant an additional extension of time to meet such conditions or that the company's Class A common stock will remain listed on The Nasdaq Stock Market.