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UBS is reiterating a Buy on Marvell Technology (NASDAQ:MRVL), believing it will profit from...

Sep. 26, 2011 10:50 AM ETMarvell Technology, Inc. (MRVL) StockCHL, MRVL, SPRDBy: Eric Jhonsa, SA News Editor
UBS is reiterating a Buy on Marvell Technology (NASDAQ:MRVL), believing it will profit from growing sales of TD-SCDMA 3G phones for use on China Mobile's (NYSE:CHL) network. UBS estimates Marvell has a 70% share of baseband chip design wins for TD-SCDMA smartphones. SPRD is another chipmaker with high hopes for the TD-SCDMA market. (previously)

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