On June 6, Nicholas said second-quarter revenue would fall 32 percent to 35 percent from the first quarter's US$318.1 million, implying a range of US$207 million to US$216 million. In April, he forecast a decline of 20 percent to 23 percent.
Analysts polled by First Call/Thomson Financial forecast a third-quarter loss, on average, of US$0.14 a share. Estimates ranged from a loss of US$0.09 to US$0.20 a share.
Broadcom eliminated more than 200 jobs during the quarter to "remove redundancies throughout the company," Nicholas said in a statement. That's more than 7.2 percent of the workforce of 2,797 as of March 31. Nicholas previously said Broadcom would cut jobs, though he hadn't disclosed how many.
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