Broadcom, WD, Spectrum Group Up on Fortune 500Monday, May 9, 2011
Broadcom Corp., Western Digital Corp. and Spectrum Group International Inc. made big jumps on the 2011 Fortune 500 list of the nation’s largest corporations.
The companies are part of a local contingent of six companies on the annual ranking, which also includes Santa Ana-based Ingram Micro Inc., Newport Beach-based Pacific Life Insurance Co. and Irvine’s Allergan Inc.
Irvine-based chipmaker Broadcom made the biggest jump on the ranking, moving up 117 spots from 2010. It ranked No. 343 based on 2010 sales of $6.8 billion, up 32% from a year earlier.
In April, Broadcom ranked No. 3 on the Business Journal’s annual list of the largest public companies based in Orange County.
Irvine-based Spectrum Group, a seller of gold and other precious metals, moved up 99 spots on Fortune’s list to No. 381.
Spectrum’s 2010 sales were up 40% to $6 billion as gold prices continued to surge.
The company ranked No. 4 on the Business Journal’s public companies list.
Irvine-based disk drive maker Western Digital Corp. moved up 53 spots to No. 251 with 2010 sales of $9.9 billion, up 32%.
Western Digital ranked No. 2 on the Business Journal’s public companies.
Technology products distributor Ingram Micro, the largest of any company here by sales, ranked No. 75 on the list, up from No. 80 a year earlier.
Ingram’s 2010 sales were up 17% to $34.6 billion.
Fortune also includes life insurer Pacific Life, even though it is privately held by policy holders but reports financial results.
Pacific Life ranked No. 405, down from No. 401 a year earlier. The company saw a 7.5% rise in 2010 revenue to $5.6 billion.
The life insurer's parent company ranked No. 2 on the Business Journal's list of the largest privately held companies, which is in Monday's print edition.
Drug maker Allergan ranked No. 457, up two spots from a year earlier, with 2010 revenue of $4.9 billion, up 9%.
Allergan ranked No. 5 on our April public companies list.