Marvell Technology Group, Ltd.

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  • Aug. 16, 2012, 5:32 PM
    Marvell (MRVL) guides on its FQ2 earnings call (webcast) for FQ3 revenue of $800M-$850M and EPS of $0.22-$0.26, below a consensus of $914.9M and $0.31. MRVL -7.6% AH.
    | Aug. 16, 2012, 5:32 PM
  • Aug. 16, 2012, 4:21 PM

    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)

    | Aug. 16, 2012, 4:21 PM | 2 Comments
  • Aug. 16, 2012, 4:09 PM
    Marvell Technology Group (MRVL): Q2 EPS of $0.24 misses by $0.02. Revenue of $816M misses by $36M. Shares -6.7% AH. (PR)
    | Aug. 16, 2012, 4:09 PM
  • Aug. 16, 2012, 12:10 AM
    Notable earnings after Thursday’s close: ARO, AVGO, BRCD, DRYS, GPS, MRVL
    | Aug. 16, 2012, 12:10 AM | 1 Comment
  • Aug. 15, 2012, 5:35 PM
    Notable earnings after Thursday’s close: ARO, AVGO, BRCD, DRYS, GPS, MRVL
    | Aug. 15, 2012, 5:35 PM
  • Aug. 7, 2012, 1:35 PM
    Freescale (FSL +10.9%), LSI (LSI +5.8%), and Applied Materials (AMAT +4.9%) lead a major rally in chip stocks (SOXX +2.6%) after Goldman upgrades the companies. Discussing Freescale, Goldman argues downside to estimates is limited given soft guidance and a lean supply chain, and (more importantly for peers) the firm expects EPS to be "up significantly" in 2013 and 2014 thanks to a new chip industry up cycle. MU +5.4%. NXPI +5.8%. MRVL +4.8%. ATML +5.9%.
    | Aug. 7, 2012, 1:35 PM | 1 Comment
  • Aug. 4, 2012, 5:11 PM
    China made up 27% of Q2 smartphone sales (the slowing U.S. was at 16%), says Canalys, with its 199% Y/Y growth far outpacing the 24% seen elsewhere. Samsung (SSNLF.PK) and Apple (AAPL) are doing well in China, though the iPhone's high price makes it dependent on wealthier (and perhaps slower-growing) coastal provinces. But NOK and others are having trouble competing with local vendors. Chipmakers SPRD, MRVL, and QCOM have decent Chinese exposure. (Q1 data)
    | Aug. 4, 2012, 5:11 PM | 1 Comment
  • Jul. 30, 2012, 5:29 PM

    Seagate (STX) guides on its FQ4 earnings call (webcast) for FQ1 revenue of $4B, -11% Q/Q and easily below a $4.62B consensus. Gross margin is expected to fall another 360 bps Q/Q to 30%. The numbers contrast greatly with Western Digital's strong FY13 forecast. STX now -7.1% AH. WDC -1.6%. Chip suppliers LSI and Marvell (MRVL - previous) could also see weakness. Also: Seagate has hired Micron (MU) enterprise solid-state drive (SSD) chief Gary Gentry to run its SSD unit.

    | Jul. 30, 2012, 5:29 PM
  • Jul. 30, 2012, 1:55 PM

    Hard drive controller chip vendors Marvell (MRVL -2.1%) and LSI (LSI -1.7%) slump after Williams Financial cuts its estimates on Marvell due to widespread signs of softening PC demand. Williams is also worried about slowing orders for Marvell's TD-SCDMA baseband chips, used in phones running on China Mobile's 3G network. LSI took off on Thursday following a Q2 beat. Seagate, a major Marvell and LSI customer, reports after the close.

    | Jul. 30, 2012, 1:55 PM
  • Jul. 26, 2012, 11:00 AM
    LSI rises 20.8% after reporting Q2 revenue of $659.6M and EPS of $0.21, beating Street estimates by $15.8M and $0.04. Q3 guidance (revenue of $620M-$660M and EPS of $0.14-$0.20 vs. consensus of $657.4M and $0.18) is nothing special, but as with many other chipmakers, expectations have been low. LSI is also getting a lift from customer Western Digital's strong results and guidance, and from upgrades from CLSA and Credit Agricole. Rival MRVL +3.8%. (transcript)
    | Jul. 26, 2012, 11:00 AM
  • Jul. 26, 2012, 9:12 AM
    Premarket gainers: GENE +33%. PSDV +24%. IBIO +21%. S +18%. WDC +17%. AKAM +16%. PCS +14%. TEX +13%. FTNT +13%. STX +11%. WFM +11%. GNC +8%. UN +7%. CROX +7%. BBVA +7%. PHM +7%. SVU +6%. SAN +6%. PSTI +6%. EQIX +6%. ABB +6%. IOC +6%. AEM +6%. FTE +6%. MRVL +6%. NOK +5%. OVTI +5%.
    Losers: ZNGA -40%. NG -29%. STRA -17%. GLUU -8%. IPG -6%. ESI -7%. GRPN -6%. FB -6%. ALU -6%. STB -6%. ABX -5%. LVS -5%.
    | Jul. 26, 2012, 9:12 AM | 1 Comment
  • Jul. 25, 2012, 5:26 PM

    Western Digital (WDC) guides on its FQ4 conference call for FQ1 EPS of $2.45-$2.55 and FY13 EPS of $10. The former is only in-line, but the latter is well above an $8.06 consensus. The guidance demonstrates WDC's quick recovery from Thai manufacturing disruptions, and perhaps also the benign pricing environment that stems from WDC and Seagate's near-duopoly status. WDC now +18.1% AH. STX +10.6%. HTCH +6.1%. LSI +3%. MRVL +4.7%. (PR)

    | Jul. 25, 2012, 5:26 PM | 1 Comment
  • Jul. 23, 2012, 11:22 AM

    Spreadtrum (SPRD +3.5%) rallies following a report claiming it has secured a number of design wins for Samsung TD-SCDMA 3G phones that will be sold by China Mobile. Digitimes adds the design wins have come at the expense of archrival MediaTek, and that Spreadtrum has a lead on MediaTek in developing quad-core processors and 4G baseband chips. Marvell (MRVL) is also a major rival in the TD-SCDMA market. The report comes as Spreadtrum announces a design win for a Huawei phone.

    | Jul. 23, 2012, 11:22 AM
  • Jul. 9, 2012, 6:44 PM
    Chinese smartphone shipments rose 164% Y/Y in Q1 to 33.1M, estimates Gartner. Those figures contrast sharply with the decelerating growth seen in the U.S. and Europe. The iPhone (AAPL) is believed to have made up 17.3% of shipments, and Android (GOOG) devices 69.5%. Separately, the Chinese government estimates 107M of the 190M phones shipped domestically in Q1 were 3G models - that's a positive for baseband chipmakers QCOM and MRVL.
    | Jul. 9, 2012, 6:44 PM | 1 Comment
  • Jul. 6, 2012, 1:27 PM

    Texas Instruments (TXN) is working on optimizing its network processors for the budding OpenFlow standard. OpenFlow, based on the concept of software-defined networking (SDN), threatens sales of proprietary Ethernet switches from Cisco (CSCO) and others through its reliance on off-the-shelf chips and open standards. TI's embrace of OpenFlow could help it better compete against market leaders Broadcom (BRCM) and Marvell (MRVL).

    | Jul. 6, 2012, 1:27 PM
  • Jun. 28, 2012, 4:46 PM
    Research In Motion (RIMM) has resumed trading following its giant FQ1 miss and layoff announcement. Shares are down 15.9% AH. The company's market cap is now barely above $4B. Mobile component suppliers such as Skyworks (SWKS), Broadcom (BRCM), Qualcomm (QCOM), and Marvell (MRVL) are off slightly AH.
    | Jun. 28, 2012, 4:46 PM | 11 Comments
Company Description
Marvell Technology Group Ltd is a fabless semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits.