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More on Marvell's FQ2: The chipmaker blames its FQ2 miss on soft demand for storage and mobile...

More on Marvell's FQ2: The chipmaker blames its FQ2 miss on soft demand for storage and mobile products - likely hard drive controllers and TD-SCDMA 3G baseband chips - which offset growing SSD, high-end hard drive controller, and Wi-Fi chip sales. $250M worth of shares were repurchased. Gross margin was 53.6%, down 90 bps Q/Q and 450 bps Y/Y. Earnings call at 4:45PM ET (webcast), guidance should be provided. MRVL -7.2% AH. Rival LSI -0.9%. (PR)
Comments (2)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Big miss. Can't blame this on anything but MRVL. Sidelined this one, glad I did. Didn't have enough viz to take a defined stand, but now we know.......
    16 Aug 2012, 04:26 PM Reply Like
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    Marvell in cn (TD-scdma)?
    17 Aug 2012, 12:50 AM Reply Like
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