Marvell (MRVL +2.3%) rallied today on an upgrade to Market Perform from JMP's Alex Gauna, who...

|About: Marvell Technology Group, Ltd. (MRVL)|By:, SA News Editor

Marvell (MRVL +2.3%) rallied today on an upgrade to Market Perform from JMP's Alex Gauna, who sees the flurry of new hardware releases at Computex as a positive for the company, given its leading position in the market for hard drive controller chips (ed: LSI also figures prominently). Gauna also likes Marvell's recently-announced dividend, but is worried about a lull in PC demand ahead of Windows 8's fall launch, and Apple's growing use of solid-state drives. (earlier)