Broadcom sees fourth-quarter revenue decline NEW YORK (Reuters) - Broadcom Corp on Tuesday forecast a decline in revenue for the fourth quarter citing challenging market conditions even as its third-quarter revenue was slightly ahead of Wall Street expectations. The outlook from the maker of chips used in products from cellphones to computers follows weak financial results at other chip makers such as Texas Instruments and Intel Corp due to softness in the global economy. Broadcom, which has had strong sales of chips for devices such as Apple Inc's iPhones, said fourth-quarter revenue would drop to a range of $1.95 billion to $2.1 billion, below Wall Street expectations for $2.11 billion, according to Thomson Reuters I/B/E/S. Shareholders shrugged off the news as the company slightly beat Wall Street expectations for third quarter revenue and the current quarter view was not as bad as some had feared. "Its a matter of investors already having factored in a very poor macro backdrop," said Williams Financial analyst Cody Acree, noting that the shares had reflected a bleaker outlook. Broadcom posted a profit of $220 million, or 38 cents per share, compared with $270 million, or 48 cents per share, in the year-ago quarter. Revenue rose to $2.13 billion from $1.96 billion, compared with analysts' expectations for $2.09 billion, according to Thomson Reuters I/B/E/S. Broadcom said this was its first quarter with revenue above $2 billion, and its first quarter with more than $1 billion of revenue from wireless chips. Its shares were steady in late trading after closing down 6 cents at $33.36 on Nasdaq. Reporting by Sinead Carew; Editing by Gary Hill and Leslie Gevirtz