A year ago it earned 23 cents per share in the second quarter. Nicholas also said he expects the data networking industry, which has been caught up in a slump for months, to see its next period of growth in the fourth quarter. In a presentation at the Merrill Lynch hardware technology conference here, Nicholas emphasized high-speed data communication, home networking and cable television as important growth areas for the company. The company has already shipped 2 million chips for home networking devices.
Home networks connect computers and other electronics throughout the home.
Broadcom also said it expects to benefit from the broad introduction of digital cable set-top boxes, which provide clearer pictures and the capability for more channels. The growth of interactive television, still in its infancy, will also boost revenues. All rights reserved. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters.