Marvell Technology Group, Ltd.

What's your position on ?
Why are you ish?
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Last vote:
  • Jun. 28, 2012, 2:52 PM

    In addition to ThinkEquity and JPMorgan, Barclays' Ben Reitzes has issued a downbeat note about Seagate (STX -6.6%) and Western Digital (WDC -4.6%). Reitzes says checks indicate PC build activity was weaker than expected in Q2, and thinks notebook drive sales could disappoint. Also: hard drive assembly supplier Hutchinson (HTCH -11.7%) has issued a June quarter warning. Hard drive chipmakers LSI (LSI -3.7%) and Marvell (MRVL -3.4%) are also underperforming. (previous)

    | Jun. 28, 2012, 2:52 PM
  • Jun. 27, 2012, 9:11 AM
    Northland Securities launches coverage on the chip industry. AMD, MRVL, QLGC, BRCM, NVDA, EZCH, and ELX are started at Outperform. INTC, TXN, and PMCS are started at Market Perform.
    | Jun. 27, 2012, 9:11 AM
  • Jun. 25, 2012, 4:29 PM

    Seagate (STX) is making an investment in DensBits, a developer of solid-state drive (SSD) controllers. The companies are also forming a partnership that will result in DensBits' controllers, which promise to make inexpensive TLC flash memory perform as well as more costly MLC flash, being used in Seagate's SSDs. Controller IP is a key way for SSDs to differentiate themselves - hence Apple's purchase of Anobit.. Marvell (MRVL) is the top independent supplier of SSD controllers.

    | Jun. 25, 2012, 4:29 PM | 1 Comment
  • Jun. 5, 2012, 5:52 PM

    As Nvidia and Asus demo an ARM-based (ARMH) Windows 8 tablet at Computex, Taiwan's MiTAC is announcing the first generally-available ARM server; like Dell's (DELL) ARM servers, which are available only to select customers, MiTAC's system relies on Marvell's (MRVL) Armada processors. ARM has set a goal of taking 5%-10% of the server CPU market, which is dominated by Intel's (INTC) Xeon and (to a lesser extent) AMD's Opteron chips, by 2016

    | Jun. 5, 2012, 5:52 PM
  • Jun. 5, 2012, 4:49 PM

    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)

    | Jun. 5, 2012, 4:49 PM
  • Jun. 4, 2012, 10:47 AM
    After visiting Silicon Valley chipmakers, Canaccord's Bobby Burleson believes the recent selloff in chip stocks is overdone. While admitting demand is soft for the PC and wireline telecom markets, total orders, buoyed by healthy smartphone/tablet demand, are said to be in-line with expectations. Burleson's top picks are AMD, BRCM, IDTI, and MRVL.
    | Jun. 4, 2012, 10:47 AM | 2 Comments
  • May 30, 2012, 6:59 PM

    Marvell (MRVL) boasts its Armada XP processors are the ARM-based (ARMH) CPUs powering Dell's just-announced Copper servers. A Dell (DELL) exec says the company has been working with Marvell for over a year. ARM server CPUs offer lower power consumption and higher densities than traditional Intel (INTC) and AMD offerings, but performance and software compatibility remain near-term stumbling blocks. AMCC is also targeting this space.

    | May 30, 2012, 6:59 PM | 3 Comments
  • May 30, 2012, 5:44 PM

    More on Cisco: The company says it will announce products that support software-defined networking (SDN) at its June 10-14 CiscoLive conference. Cisco recently funded an in-house startup called Insieme that will develop SDN gear, which threatens to cannibalize sales of Cisco's proprietary, high-margin switches, but is also proving popular with Internet companies. The fact SDN switches tend to rely on off-the-shelf switching chips could benefit BRCM and MRVL.

    | May 30, 2012, 5:44 PM
  • May 22, 2012, 10:08 AM

    Hard drive kingpins Seagate (STX -6.8%) and Western Digital (WDC -4.8%) trade lower following analyst commentary about high inventory levels. Controller chip suppliers LSI (LSI -6.7%) and Marvell (MRVL -2.3%) are falling in sympathy. (previous)

    | May 22, 2012, 10:08 AM
  • May 18, 2012, 2:04 PM
    Up yesterday after beating FQ1 estimates and delivering decent FQ2 guidance, as well as announcing a dividend and new buybacks, Marvell (MRVL -2.2%) is now trading lower. Judging by how hard drive controller customers Seagate (STX -4.3%) and Western Digital (WDC -5.5%) are also selling off, the Street may have wanted hard drive demand to drive more FQ2 upside. Nomura (Reduce) is worried about the margin impact of a mix shift towards mobile baseband chips. (transcript) (also)
    | May 18, 2012, 2:04 PM
  • May 17, 2012, 5:54 PM
    Marvell (MRVL) guides on its FQ1 earnings call (webcast) for 6%-12% Q/Q sales growth. That translates into a range of $843.8M-$891.5M, which compares favorably with an $854.1M consensus. MRVL +4.1% AH.
    | May 17, 2012, 5:54 PM
  • May 17, 2012, 5:10 PM

    More on Marvell's FQ1: The chipmaker is initiating a $0.06/share dividend (good for a yield of 1.8%), and expanding its stock buyback authorization by $500M to $848M. Marvell attributes its strong FQ1 performance to a 25% Q/Q increase in TD-SCDMA baseband chip sales for phones on China Mobile's network, and rising sales of notebook hard drive controller chips. $223M worth of shares were repurchased during the quarter. MRVL +3.7% AH. (PR)

    | May 17, 2012, 5:10 PM
  • May 17, 2012, 4:09 PM
    Marvell Technology (MRVL): Q1 EPS of $0.23 beats by $0.03. Revenue of $796M (-0.7% Y/Y) beats by $29M. Shares +1.5% AH. (PR)
    | May 17, 2012, 4:09 PM
  • May 17, 2012, 12:10 AM
    Notable earnings after Thursday's close: ADSK, AMAT, ARO, ARUN, BRCD, CRM, GPS, INTU, MRVL, YOKU
    | May 17, 2012, 12:10 AM
  • May 16, 2012, 5:35 PM
    Notable earnings after Thursday's close: ADSK, AMAT, ARO, ARUN, BRCD, CRM, GPS, INTU, MRVL, YOKU
    | May 16, 2012, 5:35 PM | 1 Comment
  • May 14, 2012, 5:07 PM
    More on David Tepper: The fund manager made big bets on tech in Q1. Tepper more than tripled his position in Apple (AAPL) to 685K shares, and boosted his Microsoft (MSFT) and Oracle (ORCL) positions by 500K and 1.1M shares, respectively. He also established new positions in GOOG, BRCM, FIO, EMC, NTAP, NUAN, MRVL, and SNDK. (13-F)
    | May 14, 2012, 5:07 PM
Company Description
Marvell Technology Group Ltd is a fabless semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits.