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Marvell Can Make You Money |
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| Mar 24, 2008 05:55 PM UTC |
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Tracked Blogger
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3/24 - "...with its contractual obligations with Intel coming to an end, Marvell is finally in a better position to improve profitability. It also needs to come out of the options backdating scandal that slashed its shareholder value drastically and led to the resignation of its CFO George Hervey, as well as Weili Dai, the co-founder and wife of the CEO...The revolving door in the CFO’s office, however, is not at all a good sign, and it does not offer confidence that the issues are being addressed." "In fiscal 2009, Marvell expects hard drive and wireless products to be the key drivers of its growth. Both are gangbuster growth markets, so no argument there...It also expects more design wins this year from its combo wireless devices for mobile and handheld devices, including 11BGA Bluetooth and FM-chips." "The most important signal from the company needs to be that it has the options muck under control, which it doesn’t seem to have yet. Once this signal comes through, I think the business actually looks poised quite well, and the stock should recover." 
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 49% risk: moderate |
Today's Stock Market Victim: Marvell Technology
3/7 - "MRVL just reported a Q4 profit, and a 36% increase in revenue, and predicted sales of $775 million to $785 million for its fiscal 2009 fiscal first quarter...The Analysts wanted sales of $763.9 million, so they beat the Street but some analysts said it was "still a substantial drop from its strong 2008 fourth-quarter sales of $844.7 million". Come on now, are we just going to throw every...
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N/A risk: moderate |
MRVL Valuation is Deeply Depressed, Reiterate Buy Rating
3/12 - "...management's guidance for the opening quarter of the new fiscal year fell largely in line with our own FQ1 estimates that were in place prior to the FQ4 call. In a sense, this implies a deeper than normal effect of seasonality on FQ1 results, largely dictated by continued weakness faced by Marvell in the WLAN IC-s space. Still, the Y/Y growth trends at Marvell look impressive both on...
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Marvell Announces Q4 Fiscal 2008 Results
3/6 - "Marvell Technology Group Ltd. (Nasdaq: MRVL - News), a leader in storage, communications, and consumer silicon solutions, today reported financial results for its fourth quarter and fiscal year ended February 2, 2008.
Net revenue for the fourth quarter of fiscal 2008 was a record $845 million, an increase of 36% over net revenue of $622 million for the fourth quarter of fiscal 2007 an...
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Marvell Q4 Fiscal 2008 Earnings Call Transcript
3/7:
"Marvell Technology Group Ltd. (MRVL)
Q4 FY08 Earnings Call
March 6, 2008, 04:45 PM ET
Executives
Jeff Palmer - IR
Dr. Sehat Sutardja - Chairman, President and CEO
George A. de Urioste - Interim CFO
Analysts
Allan Mishan - Oppenheimer & Co.
Uche Orji - UBS
James Schneider - Goldman Sachs
Srini Pajjuri - Merrill Lynch
Shawn Webster - JPMorgan
Craig ...
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