Broadcom [BRCM] comfortably surpassed Wall St’s expectations for 4Q, reporting sales of $479.1mln, some $36mln above the consensus estimate and a company high-water mark. Broadcom also said it hopes to issue up to $750mln in stock or debt, pending SEC approval. — CSG Systems reported 4Q revenue of $129.9mln, well short of the $155.2mln it chalked up over the same period in ’02. — Terayon [TERN] announced a restructuring plan Tues that will eliminate about 17% of its workforce (70 jobs). It believes the plan will yield annualized operating savings of $10-12mln. It expects to take a charge of $5-$7mln for the restructuring in 1Q. For 4Q, Terayon’s net loss narrowed to $6mln from $20.8mln a year ago, while revenue rose 70% to $43mln

The Daily


DirecTV Says TEGNA Military Proposal Was Sincere

While TEGNA dismissed DirecTV’s proposal to return stations for Saturday’s Army-Navy football game as a stunt, the MVPD said it was sincere. DirecTV provides programming to more than 500 facilities in the

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