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Marvell Technology Group, Ltd. (MRVL)

  • Jan. 11, 2012, 2:27 PM
    An Infonetics survey turns up growing carrier interest in deploying cutting-edge 40G and (especially) 100G optical transport equipment; respondents cited lower bandwidth costs and superior signal performance as reasons for shifting away from older 10G equipment. Ciena (CIEN) stands to benefit from growing 40G/100G adoption, and so might recent Marvell (MRVL) acquisition Xelerated.
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  • Jan. 11, 2012, 10:47 AM
    Spreadtrum (SPRD +5.8%), which was hammered last week following RF Micro's warning, is surging thanks to a bullish note from Nomura's Rick Sherlund. Sherlund is pleased with Spreadtrum's introduction of a 4G TD-LTE baseband chip, which will allow it to participate in China Mobile's (CHL) TD-LTE trials. He also notes the Chinese chipmaker has a lower cost structure than rivals ST-Ericsson and Marvell (MRVL).
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  • Jan. 6, 2012, 6:40 PM
    Google (GOOG) hopes CES product releases will provide some needed momentum for its TV efforts. Sony (SNE), Samsung, LG, and Vizio all plan to introduce sets supporting Google TV; some of this hardware might feature Marvell (MRVL) application processors. Google TV, which recently got a major software upgrade, has struggled with poor initial sales, and the unwillingness of content providers to play ball.
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  • Jan. 5, 2012, 10:59 AM
    Marvell (MRVL) announces its ARM-based (ARMH) ARMADA processors have been designed into the latest Google TV (GOOG) hardware, displacing Intel (INTC) chips in the process. Intel stated in October it was shutting down a division that developed Atom chips for the set-top box market. Eric Schmidt has said he expects Google TV to be in the majority of TV sets on sale by summer, though that may prove a tall order.
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  • Jan. 4, 2012, 7:09 PM
    Marvell (MRVL +1.5%) has acquired Xelerated, a Swedish developer of network processing and Ethernet switching chips for a variety of telecom equipment. Xelerated, cited by Light Reading as a "key specialist" in the nascent market for processors handling 100-gig links, is a direct rival of EZchip (EZCH -1.4%), and also competes with top Marvell competitor Broadcom (BRCM -1.1%).
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  • Dec. 28, 2011, 4:51 PM
    Fusion-io (FIO) and Marvell Technology (MRVL) make it onto Storage Switzerland's list of storage companies to watch in 2012 (excluding industry giants). The consulting firm praises Fusion-io's hardware for "positioning flash storage as an inexpensive, high-capacity alternative to DRAM," and is impressed with the advanced caching technology built into Marvell's DragonFly product.
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  • Dec. 22, 2011, 4:59 PM
    Sales of high-end data center networking gear could see a major bump next year, as the demands of virtualization and cloud server environments lead companies to invest more heavily in 10-gig and 40-gig equipment. CSCO would be one clear beneficiary of such spending growth; chipmakers BRCM, MRVL, MLNX, and CAVM might also stand to gain.
  • Dec. 15, 2011, 1:36 PM
    Marvell Technology (MRVL -0.4%) says its board has approved a buyback of an additional $500M under its existing repurchase plan.
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  • Dec. 7, 2011, 10:04 AM
    Marvell (MRVL +1.6%) is upped to Buy from Hold with a raised $22 price target at Craig Hallum, which believes the troubles in the hard-drive industry caused by Thailand flooding will cause a smaller impact than the Street has expected. Also, MRVL “is gaining traction in WCMDA smartphones, which lessens the impact of potential continued headwinds from RIMM."
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  • Nov. 23, 2011, 11:51 AM
    While tech in general is selling off, wireless chipmakers are getting hit harder than most, after HTC's (HTCCF.PK) Q4 bombshell raises fears of a slowdown in smartphone demand. QCOM -3.8%. BRCM -3.1%. OVTI -3%. CRUS -4.2%. MRVL -3.9%. SWKS -6.7%. TQNT -3.8%. RFMD -4.1%. ANAD -5.1%.
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  • Nov. 17, 2011, 5:27 PM
    Marvell (MRVL) is now up 4.7% AH in the wake of its FQ3 report (I, II), after the company uses its earnings call to guide for FQ4 EPS of $0.21-$0.25. While below a $0.27 consensus, the guidance is better than many feared, given the chipmaker's exposure to a hard drive market decimated by Thai flooding.
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  • Nov. 17, 2011, 4:19 PM
    More on Marvell Technology (MRVL): Q3 results largely in-line with revenue, but toward the lower end of estimates. Investors will be looking for more guidance on the company's conference call to better determine how it's being impacted by hard-disk drive manufacturing issues due to the flooding in Thailand. Shares +1.7% AH.
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  • Nov. 17, 2011, 4:08 PM
    Marvell Technology (MRVL): Q3 EPS of $0.40 beats by $0.01. Revenue of $950M (-1.0% Y/Y) beats by $9M. Shares +0.4% AH. (PR)
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  • Nov. 17, 2011, 10:48 AM
    Marvell (MRVL -5.2%) suffers more analyst disrespect ahead of its FQ3 report this afternoon, as JMP reduces its rating on the stock to Underperform with a $12.50 target price, citing "elevated risks to its TD-3G and Wi-Fi initiatives in calendar 2012 that will negate the ability of this segment to generate growth going forward." At least four analysts have cut estimates in the past two days (also).
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  • Nov. 17, 2011, 12:10 AM
    Notable earnings after Thursday's close: ARUN, CRM, FL, FMCN, GPS, MRVL
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  • Nov. 15, 2011, 9:38 AM
    Jefferies is cutting its FQ3 estimates for Marvell Technology (MRVL), believing the collapse in hard drive supplies caused by Thai flooding will hurt sales of Marvell's hard drive controller chips. Nonetheless, the firm is reiterating a Buy and lifting its PT to $18, on expectations of strong sales of Marvell's TD-SCDMA phone chips and solid-state drive controller chips.
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Company Description
Marvell Technology Group Ltd is a fabless semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits.