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Created by Bhavin Gandhi
[email protected]
May 31st, 2009
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Overview of Broadcom CorporationOverview of Texas Instruments,
Inc.
Business comparisonFinancial Statements comparisonFinancial
Ratio comparisonConclusionQuestions
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Address: 5300 California Avenue,Irvine, CA 92617
URL: http://www.broadcom.comFounded: August, 1991Ticker:
BRCMEmployees: 7,402
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Broadband CommunicationsEnterprise Networking
Mobile & Wireless
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Address: 12500 Texas InstrumentsBlvd, Dallas, TX 75266
URL: www.ti.comFounded: 1972Ticker: TXNEmployees: 29,537
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Communications Industrial
Consumer ElectronicsComputingAutomotiveEducation
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37%
27%
36%
Broadcom Corp - 2008
Broadband Communication Enterprise Networking
Mobile and Wireless
48%
22%
10%
10%6% 4%
Texas Instruments - 2008
Communications Computing Industrial
Consumer Automotive Education
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30%
10%60%
1%
Broadcom Corp - 2008
Asia Europe USA Others
59%15%
13%
10%
3%
Texas Instruments - 2008
Asia Europe USA Japan Others
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Broadcoms Common-sized Balance Sheet
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Broadcoms Common-sized Income Statement
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Texas Instruments Common-sized Balance Sheet
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Texas Instruments Common-sized Income Statement
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Broadcom Corporation Texas Instruments, Inc.
-4000
-3000
-2000
-1000
0
1000
2000
3000
4000
5000
6000
2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Sales Assets Net Income
-5000
0
5000
10000
15000
20000
2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Sales Assets Net Income
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Broadcom Corporation Texas Instruments, Inc.
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
2008 2007 2006 2005 2004
Revenue R&D
0
2000
4000
6000
8000
10000
12000
14000
16000
2008 2007 2006 2005 2004
Revenue R&D
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2008 2007 2006 2005 2004
Broadcom 3.17 3.69 4.51 3.40 2.78
Texas Instruments 2.25 2.30 2.64 2.94 4.08
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
QuickRatio
Quick ratio comparison
2008 2007 2006 2005 2004
Broadcom 3.84 4.18 4.94 3.90 3.17
Texas Instruments 3.78 3.42 3.78 3.96 5.33
0.00
1.00
2.00
3.00
4.00
5.00
6.00
CurrentRatio
Current ratio comparison
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2008 2007 2006 2005 2004
Broadcom 29.17 35.66 38.10 42.00 31.19
Texas Instruments 26.66 45.96 45.42 48.77 48.82
0.00
10.00
20.00
30.00
40.00
50.00
60.00
DSO
Days sales outstanding
(DSO) comparison
2008 2007 2006 2005 2004
Broadcom 60.38 46.08 41.22 56.02 39.13
Texas Instruments 80.22 80.04 74.97 68.45 67.84
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
90.00
DSI
Days sales of inventory
(DSI) comparison
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2008 2007 2006 2005 2004
Broadcom 4.61 5.65 10.33 13.74 7.21
Texas Instruments 15.36 19.20 30.06 18.84 15.17
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
ROSinpercentage
Return on sales comparison
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2008 2007 2006 2005 2004
Broadcom 0.22 0.20 0.16 0.19 0.22
Texas Instruments 0.28 0.27 0.23 0.26 0.25
0.00
0.05
0.10
0.15
0.20
0.25
0.30
D/E-ratio
Debt to equity ratio comparison
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1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Broadcom 0.21 -2.08 -7.2 -5.56 -2.95 0.33 0.66 0.64 0.37
0.41
Texas Instruments 0.83 1.73 -0.17 -0.27 0.6 0.9 1.3 1.66 1.83
1.45
-8
-7
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-5
-4
-3
-2
-1
0
1
2
3
Amountindollars
Earnings per share (EPS) comparison
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Inflation in semiconductor industry Increasing cost of
manufacturing
Growing importance of Consumermarket
Texas Instruments proves to be thewinner
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Contact Details:
Bhavin Gandhi
[email protected]
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