EXHIBIT 99.2

BROADCOM CORPORATION
Unaudited GAAP Consolidated Statements of Operations
(In thousands, except per share amounts)

				Three Months Ended						Six Months Ended
				June 30,						June 30,
				2003			2002			2003			2002
Net revenue				$	377,879		$	258,203		$	705,343		$	497,003
Cost of revenue (a)					206,853			143,577			378,873			277,699
Gross profit					171,026			114,626			326,470			219,304
Operating expense:
	Research and development (b) (c)				106,378			114,727			209,501			226,421
	Selling, general and administrative (b) (c)				47,373			40,607			88,732			81,081
	Stock-based compensation (d)				74,706			81,696			143,534			183,160
	Amortization of purchased intangible assets (d)				1,168			5,866			2,700			11,250
	Impairment of goodwill				438,611			—			438,611			—
	Stock option exchange				209,266			—			209,266			—
	Settlement costs				178,302			—			178,302			—
	Restructuring costs				2,165			—			2,932			4,822
Loss from operations					(886,943	)		(128,270	)		(947,108	)		(287,430	)
Interest income, net					1,310			3,313			3,500			6,753
Other income (expense), net					569			428			(47	)		(3,919	)
Loss before income taxes					(885,064	)		(124,529	)		(943,655	)		(284,596	)
Provision for income taxes					6,678			4,889			15,993			10,889
Net loss				$	(891,742	)	$	(129,418	)	$	(959,648	)	$	(295,485	)
Net loss per share (basic and diluted)				$	(3.08	)	$	(.49	)	$	(3.39	)	$	(1.12	)
Weighted average shares (basic and diluted)					289,745			265,356			283,031			263,678
Notes:
(a) Cost of revenue includes the following:
			Stock-based compensation expense	$	1,845		$	3,330		$	4,372		$	6,679
			Amortization of purchased intangible assets		4,473			13,643			10,526			26,807
			Stock option exchange expense		11,454			—			11,454			—
			Employer payroll tax expense on certain stock option exercises		24			14			26			26
				$	17,796		$	16,987		$	26,378		$	33,512
(b) Stock-based compensation expense is excluded from the following (and presented as a separate line item):
			Research and development expense	$	63,327		$	55,007		$	114,260		$	124,793
			Selling, general and administrative expense		11,379			26,689			29,274			58,367
				$	74,706		$	81,696		$	143,534		$	183,160
		Amortization of purchased intangible assets is excluded from the following (and presented as a separate line item):
			Research and development expense	$	—		$	4,903		$	815		$	10,064
			Selling, general and administrative expense		1,168			963			1,885			1,186
				$	1,168		$	5,866		$	2,700		$	11,250
		Stock option exchange expense is excluded from the following (and presented as a separate line item):
			Research and development expense	$	164,798		$	—		$	164,798		$	—
			Selling, general and administrative expense		44,468			—			44,468			—
				$	209,266		$	—		$	209,266		$	—
(c) Employer payroll tax expense on certain stock option exercises is included in the following:
			Research and development expense	$	356		$	106		$	446		$	333
			Selling, general and administrative expense		270			51			289			127
				$	626		$	157		$	735		$	460

(d) Represents non-cash acquisition-related expenses charged to operations.

BROADCOM CORPORATION
Unaudited Reconciliation of Pro Forma Non-GAAP Adjustments
(In thousands)

The following represents a reconciliation (unaudited) of GAAP net loss to pro forma non-GAAP net income (loss). Over 95% of the reconciling amounts for each period presented are non-cash charges.

		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2003			2002			2003			2002
GAAP net loss		$	(891,742	)	$	(129,418	)	$	(959,648	)	$	(295,485	)
Acquisition-related and other special charges:
	Stock-based compensation		76,551			85,026			147,906			189,839
	Amortization of purchased intangible assets		5,641			19,509			13,226			38,057
	Employer payroll tax expense on certain stock option exercises		650			171			761			486
	Impairment of goodwill		438,611			—			438,611			—
	Stock option exchange		220,720			—			220,720			—
	Settlement costs		178,302			—			178,302			—
	Restructuring costs		2,165			—			2,932			4,822
	Loss on strategic investments		72			—			72			4,146
	Non-operating gains		(588	)		(1,182	)		(588	)		(1,182	)
	Income tax effects		(734	)		9,090			4,335			20,574
Pro forma non-GAAP net income (loss)		$	29,648		$	(16,804	)	$	46,629		$	(38,743	)

BROADCOM CORPORATION
Unaudited Pro Forma Non-GAAP Consolidated Statements of Operations
(In thousands, except per share amounts)

		Three Months Ended					Six Months Ended
		June 30,					June 30,
		2003		2002			2003			2002
Net revenue		$	377,879	$	258,203		$	705,343		$	497,003
Cost of revenue			189,057		126,590			352,495			244,187
Gross profit			188,822		131,613			352,848			252,816
Operating expense:
	Research and development		106,022		114,621			209,055			226,088
	Selling, general and administrative		47,103		40,556			88,443			80,954
Income (loss) from operations			35,697		(23,564	)		55,350			(54,226	)
Interest income, net			1,310		3,313			3,500			6,753
Other income (expense), net			53		(754	)		(563	)		(955	)
Income (loss) before income taxes			37,060		(21,005	)		58,287			(48,428	)
Provision (benefit) for income taxes			7,412		(4,201	)		11,658			(9,685	)
Pro forma non-GAAP net income (loss)		$	29,648	$	(16,804	)	$	46,629		$	(38,743	)
Pro forma non-GAAP net income (loss) per share (basic)		$	.10	$	(.06	)	$	.16		$	(.15	)
Pro forma non-GAAP net income (loss) per share (diluted)		$	.10	$	(.06	)	$	.16		$	(.15	)
Weighted average shares (basic)			289,745		265,356			283,031			263,678
Weighted average shares (diluted)			307,077		265,356			298,030			263,678

Pro Forma Non-GAAP Only

The above pro forma non-GAAP statements are based upon our unaudited consolidated statements of operations for the periods shown, with certain adjustments. This presentation is not in accordance with, or an alternative for, U.S. Generally Accepted Accounting Principles (GAAP) and may not be consistent with the presentation used by other companies. However, Broadcom believes pro forma non-GAAP reporting provides meaningful insight into the company’s on-going economic performance and therefore uses pro forma non-GAAP reporting internally to evaluate and manage the company’s operations. Broadcom has chosen to provide this supplemental information to investors to enable them to perform additional comparisons of operating results and as a means to emphasize the results of on-going operations.

BROADCOM CORPORATION
Unaudited Condensed GAAP Consolidated Balance Sheets
(In thousands)

			June 30,		December 31,
			2003		2002
ASSETS
Current assets:
	Cash and cash equivalents		$	453,435	$	389,555
	Short-term marketable securities			12,566		56,031
	Short-term restricted marketable securities			28,777		57,117
	Accounts receivable, net			182,905		128,215
	Inventory			85,000		46,036
	Prepaid expenses and other current assets			49,971		44,830
		Total current assets		812,654		721,784
Property and equipment, net				157,476		177,557
Long-term marketable securities				4,220		5,067
Long-term restricted marketable securities				17,458		35,137
Goodwill				841,307		1,228,603
Purchased intangible assets, net				14,152		24,036
Other assets				12,589		23,969
		Total assets	$	1,859,856	$	2,216,153
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
	Accounts payable		$	210,570	$	168,236
	Wages and related benefits			35,983		34,278
	Deferred revenue			7,815		15,129
	Accrued liabilities			290,496		204,116
	Short-term debt and current portion of long-term debt			57,626		112,258
		Total current liabilities		602,490		534,017
Long-term restructuring liabilities				29,974		36,403
Long-term debt, less current portion				—		1,212
Shareholders’ equity				1,227,392		1,644,521
		Total liabilities and shareholders’ equity	$	1,859,856	$	2,216,153