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Dana Dana Blankenhorn has been a business journalist for over 25 years and has covered the online world professionally since 1985. He founded the "Interactive Age Daily" for CMP Media, and has written for the Chicago Tribune, Advertising Age, and dozens of other publications over the years.
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Moore’s Law defines the history of technology. It held that the number of circuits etched on a given piece of silicon could double every 18 months as far as its author, Intel co-founder Gordon Moore, could see. Moore’s Law has spawned constant revolutions since then, not just in computing but in communications, in science, in a host of areas. Moore’s Law applies to radios, and to optical fiber, but there are some areas where it doesn’t apply. In this blog we’ll take a daily look at new implications of Moore’s Law in real time, as it rolls forward to create our future.
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April 18, 2004

The 90s Rule At Broadcom

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Posted by Dana Blankenhorn

Not that there's anything wrong with that. (Image courtesy of Sony Pictures, which can afford the bandwidth.)

But speaking of choices, The New York Times reports that stock options are raining down over at Broadcom like back in that wonderful day.

The latest option plan before shareholders dilutes the company's value by a nifty 12.7%. Forget 2000, zero zero party over out of time. Broadcom's gonna party like it's 1999. Don't like it? Don't have a cow, man. Stock options are one of my Top 101 Reasons why the 90s ruled. (My 16-year old daughter loves the show, Seinfeld is their Reason #1, and who am I to argue?)

These options are Broadcom's choice. Approving them is their shareholders' choice. Everything I've seen indicates Broadcom makes good stuff, they work hard, and they compete like madmen.

But, as I said, approving this kind of plan is up to the shareholders.

Among the largest shareholders at Broadcom are Alliance Capital Management, with a 13.3 percent stake; Capital Research and Management, which runs the American Funds, with 6.6 percent of the shares outstanding; and Fidelity, with 2.1 percent.

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