Seeking Alpha

Marvell (MRVL) -10% AH after: 1) Warning it expects FQ3 (Oct. quarter) revenue of $765M-$785M,...

Marvell (MRVL) -10% AH after: 1) Warning it expects FQ3 (Oct. quarter) revenue of $765M-$785M, below a consensus of $813.4M. The chipmaker blames weak hard drive controller sales caused by soft PC demand. 2) Announcing CFO Clyde Hosein has resigned to "pursue other opportunities." Corporate controller Brad Feller will serve as interim CFO until a replacement is found. Rival LSI could trade lower in sympathy. Hard drive forecasts have been quickly going downhill.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|