Financials

 

Failed Acquisition by Broadcom

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Related Terms:

Three independent sources informed us that in 2004/2005, Broadcom was approached by Jeff Parker with an offer to sell either the company or the D2D technology. Broadcom evaluated ParkerVision and its technology. Specifically, the feedback that they provided was that the ParkerVision receiver was not as good as some alternative CMOS chips (ParkerVision uses SiGe, which is much more expensive) and that the D2D technology, while competitive 10 years ago, has been surpassed in performance, cost, power and integration by other approaches. In fact, they noted that D2D was no longer competitive about 3 to 4 years ago. Finally, Broadcom evaluated the patent portfolio and decided that it had little or no ongoing value to them. Please also refer to the section on intellectual property: Two of ParkerVision’s early “fundamental” patents were assessed and found to have no new ideas; in the patents, standard circuits terminology was changed in order to appear novel, when compared to the literature. The technology would work, but it wasn’t novel.

 

Our sources at Broadcom felt that ParkerVision has a less than stellar execution history and an over-inflated view of its value. This comes as no surprise, given ParkerVision’s past financial performance. There is also an overall feeling in the industry that ParkerVision exaggerates, so that in the end, Broadcom passed.