Wednesday 09:26 am Ali T. Far, a chief witness in the Galleon insider-trading case, says he paid an executive at Marvell Technology Group (MRVL) to feed him privileged information that he then traded on. The disclosure marks the allegation of money changing hands in exchange for providing inside tips.
Comment!
InTheMoneyStocks.com: MRVL is trading into intra-day resistance at 14.60. The overall market is very strong, therefore, pullbacks may be limited today.
Wed, Nov 04, 2009
InTheMoneyStocks.com: MRVL is under pressure today. There looks to be support at 14.60 should it get there. Then a small bounce is possible.
LongShortTech: MRVL announced a 1.2GHz mobile processor using an ARMH core, overtaking QCOM's 1GHz. AAPL's iPhone 3G and MOT's Droid use a 600Mhz TXN chip.