Press Release: March 22, 2000

WR Hambrecht + Co Initiates Coverage of Broadcom (BRCM) with a Buy Rating and Target of $295

Firm leads as semiconductor supplier for multiple broadband access markets

San Francisco, CA, March 22, 2000—WR Hambrecht + Co today initiated research coverage on Broadcom (BRCM) with a buy rating and a price target of $295. WR Hambrecht + Co’s eNetwork Technologies analyst Jim Liang cited Broadcom’s dominant market position and aggressive acquisition strategy as key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.

"We believe shares of Broadcom are an ideal choice for investors looking to participate in the expected long-term growth of broadband communications. The Company’s design and integration technology strength, along with its aggressive acquisition strategy, generates significant barriers to entry, and could allow the Company to continue to distance itself from the competitors," Liang said.

Liang projects Broadcom’s total revenues could reach $830.5 million in 2000 and $1.2 billion in 2001, up from the 1999 total of $518.2 million.

Broadcom Corporation develops highly integrated silicon solutions that enable broadband digital data transmission to the home and within the business enterprise. The Company’s products enable the high-speed transmission of data over existing communications infrastructures.