Broadcom Ups 1Q Guidance

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Broadcom Corp. said Wednesday that it expects first-quarter revenue to rise "as much as" 16%-18% versus the fourth quarter of 2003, Reuters reported.

The chip-maker originally pegged first-quarter revenue growth at 10%, but it said demand was up in its broadband-communications and mobile and wireless businesses.

The new forecast would put Broadcom’s revenue at $555 million-$565 million for the quarter.