Key Developments: Marvell Technology Group Ltd (MRVL.OQ)

MRVL.OQ on NASDAQ Stock Exchange Global Select Market

14.11USD
11 Jul 2014
Price Change (% chg)

$-0.15 (-1.05%)
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$14.26
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Latest Key Developments (Source: Significant Developments)

Marvell Technology Group Ltd gives Q2 2015 guidance; revenue guidance above analysts' estimates
Thursday, 22 May 2014 04:05pm EDT 

Marvell Technology Group Ltd:Expects Q2 2015 revenue to be in the range of $940 to $980 million.Expects Q2 2015 GAAP Diluted EPS to be in the range of $0.21 +/- $0.02.Expects Q2 2015 non-GAAP Diluted EPS to be in the range of $0.28 +/- $0.02.Q2 2015 revenue of $930 million and EPS of $0.26 - Thomson Reuters I/B/E/S.  Full Article

Marvell Technology Group Ltd to pay quarterly dividend
Thursday, 22 May 2014 04:05pm EDT 

Marvell Technology Group Ltd:Intends to pay next quarterly dividend of $0.06 per share on July 2 to all shareholders of record as of June 12.  Full Article

Marvell Technology Group Ltd gives Q1 2015 EPS guidance; revenue guidance above analysts' estimates
Thursday, 20 Feb 2014 04:06pm EST 

Marvell Technology Group Ltd:Expects Q1 2015 revenue of $870 to $910 million.Expects Q1 2015 GAAP diluted EPS to be in the range of $0.14 +/- $0.02.Expects Q1 2015 Non-GAAP diluted EPS to be in the range of $0.22 +/- $0.02.Q1 2015 revenue of $849 million and EPS of $0.21 - Thomson Reuters I/B/E/S.  Full Article

Marvell Technology Group Ltd names Michael Rashkin as Chief Financial Officer
Thursday, 20 Feb 2014 04:03pm EST 

Marvell Technology Group Ltd:Says Michael Rashkin has been appointed as the Chief Financial Officer, effective Feb. 17.  Full Article

Marvell Technology Group Ltd loses bid to reduce $1.17 billion U.S. patent verdict - Reuters
Wednesday, 15 Jan 2014 09:51am EST 

Marvell Technology Group Ltd:Marvell Technology Group Ltd has failed to convince a federal judge to reduce by more than half a $1.17 billion jury verdict for infringing two hard disk drive patents held by Carnegie Mellon University - Reuters.U.S. District Judge Nora Barry Fischer in Pittsburgh, where Carnegie Mellon is based, denied Marvel's bid to cut about $620 million from the award on the basis that the university unreasonably delayed pursuing its claims for patent infringement.  Full Article

Marvell Technology Group Ltd announces appointment of interim chief financial officer
Monday, 9 Dec 2013 04:15pm EST 

Marvell Technology Group Ltd:Says the appointment of Michael Rashkin as Interim Chief Financial Officer.Says Rashkin has been with the company since 1999 and prior to this appointment served in a variety of roles in the finance organization including in VP of Tax, VP of Strategic Development and President of the Marvell Charitable Fund.Says as previously disclosed Marvell is continuing its search to permanently fill the role of Chief Financial Officer.  Full Article

Marvell Technology Group Ltd announces resignation of interim chief financial officer
Monday, 2 Dec 2013 04:15pm EST 

Marvell Technology Group Ltd:Says that Brad D. Feller, Marvell's Interim Chief Financial Officer, has advised Marvell of his intention to resign from his position to pursue other opportunities.Says Mr. Feller's resignation is effective as of Dec. 10, 2013.  Full Article

Marvell Technology Group Ltd Issues Q4 2014 EPS Guidance; Revenue Guidance Above Analysts' Estimates
Thursday, 21 Nov 2013 04:30pm EST 

Marvell Technology Group Ltd announced that for the fourth quarter of 2014, it expects revenue to be in the range of $880 to $920 Million, GAAP EPS (diluted) to be in the range of $0.16 +/- $0.02 and Non-GAAP EPS (diluted) to be in the range of $0.25 +/- $0.02. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $844 million and EPS of $0.23 for the fourth quarter of 2014.  Full Article

Marvell Technology Group Ltd Issues Q3 2014 Guidance; Revenue Guidance Above Analysts' Estimates; Declares Quarterly Dividend
Thursday, 22 Aug 2013 04:03pm EDT 

Marvell Technology Group Ltd announced that for the third quarter of 2014, it expects revenue to be in the range of $850 to $890 Million, GAAP EPS to be in the range of $0.15 +/- $0.02 and Non-GAAP EPS to be in the range of $0.25 +/- $0.02. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $845 million and EPS of $0.24 for the third quarter of 2014. The Company also announced that it intends to pay its next quarterly dividend of $0.06 per share on October 3, 2013 to all shareholders of record as of September 12, 2013.  Full Article

Marvell Technology Group Ltd Appoints Weili Dai as President
Monday, 15 Jul 2013 04:15pm EDT 

Marvell Technology Group Ltd announced that its Board of Directors has appointed Weili Dai as President of the Company, effective July 14, 2013.  Full Article

UPDATE 1-Marvell margin slips as demand for 3G chips outpaces LTE

May 22 - Marvell Technology Group Ltd's quarterly gross margin fell as demand for its chips used in third-generation mobile communication outweighed a rise in sales of its more profitable 4G LTE chips.

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