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Marvell Technology Group, Ltd. (MRVL)

  • 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 | Comment!
  • 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 | 2 Comments
  • 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 | Comment!
  • 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
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
MRVL vs. ETF Alternatives
Company Description
Marvell Technology Group Ltd is a fabless semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits.