This past week's news from www.ocbj.com and other sources TOP STORIES

Irvine's Broadcom Corp. is paying $192.8 million in cash for the digital TV chip business of Advanced Micro Devices Inc. The deal stands to expand Broadcom's business providing chips to makers of digital TVs. The business includes processors that handle digital signals in TVs, receiver chips that pick up broadcast signals and others that control how a picture is displayed. Customers include Sony Corp. and Samsung Group. The deal is expected to close in the fourth quarter. Broadcom said it could see an undetermined charge for research and development expenses related to the acquisition.

Aliso Viejo-based Valeant Pharmaceuticals International struck a deal with GlaxoSmithKline PLC that gives the British drug maker worldwide rights to retigabine, an epilepsy drug. The deal could be worth up to $820 million. Valeant said it would get an upfront payment of $125 million. Glaxo also will pay Valeant up to $545 million if regulatory, development and commercialization milestones are met and if retigabine is approved for other conditions.

Huntington Beach-based Quiksilver Inc. has struck a deal to sell its Rossignol unit for $147 million to a former chief executive of the struggling French ski maker. Led by former Rossignol chief executive Bruno Cercley, Chartreuse & Mont Blanc plans to buy the business in a deal that's 75% cash and 25% debt. Chartreuse & Mont Blanc is majority owned by Australia's Macquarie Group Ltd. and includes minority investor Jarden Corp., a Rye, N. Y., maker of outdoor products. The deal is expected to close in the fall.

TECHNOLOGY

In other Broadcom news: an analyst downgraded shares of the chipmaker on concerns the company is set to see slower sales growth in the fourth quarter. Oppenheimer & Co. analyst Allan Mishan downgraded Broadcom to "perform" from "outperform" and got rid of his price target on the stock ... Federal prosecutors sued cofoundcr and former chief executive Henry T. Nicholas III to seize one of his Newport Coast mansions and a Las Vegas penthouse they say he used for parties and business where cocaine, ecstasy, laughing gas and other drugs were distributed ... A Santa Ana judge found that San Diego's Qualcomm Inc. violated an earlier ruling by continuing to sell cell phone chips that Broadcom had patented and by failing to pay royalties on time. Judge James Selna ordered Qualcomm to pay Broadcom the profits it's earned on some of the chips and to pay Broadcom's legal fees in the case.