Key Developments: Marvell Technology Group Ltd (MRVL.O)
11.34USD
24 May 2013
$0.03 (+0.27%)
$11.31
$11.85
$11.90
$11.21
14,337,938
7,372,290
$13.27
$6.98
Latest Key Developments (Source: Significant Developments)
Marvell Technology Group Ltd Issues Q2 2014 Guidance
Marvell Technology Group Ltd announced that for the second quarter of 2014, it expects revenue to be in the range of $770 to $810 Million, GAAP EPS to be in the range of $0.09 +/- $0.02 and Non-GAAP EPS to be in the range of $0.19 +/- $0.02. Full Article
Marvell Technology Group Ltd Issues Q1 2014 Guidance In Line With Analysts' Estimates
Marvell Technology Group Ltd announced that for the first quarter of 2014, it expects revenue to be in the range of $700 million to $740 million, GAAP EPS to be in the range of $0.04 +/- $0.02 and non-GAAP EPS to be in the range of $0.14 +/- $0.02. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $708 million and EPS of $0.13 for the first quarter of 2014. Full Article
Marvell Technology Group Ltd Declares Quarterly Dividend
Marvell Technology Group Ltd announced that it intends to pay its next quarterly dividend of $0.06 per share on April 4, 2013 to all shareholders of record as of March 14, 2013. Full Article
COMTREND Selects Marvell Technology Group Ltd's Certified G.hn Silicon to Enable Connected Home
Marvell Technology Group Ltd announced that COMTREND has selected Marvell's ITU-T compliant and HomeGrid Forum-certified G.hn transceiver chipset for use in COMTREND's PowerGrid Ethernet Adapter for home wireline networking. COMTREND joins a growing list of OEM partners in the second wave of G.hn design wins for Marvell, accelerating the global adoption of the extensible ITU-T standard designed to provide connectivity at data rates up to 1 Gbit/s over standard home wiring, including electrical wires, coaxial cables, twisted pair and optical fiber. Full Article
Teleconnect Selects Marvell Technology Group Ltd's G.hn Silicon To Power Optical Home Networks
Marvell Technology Group Ltd announced that its G.hn silicon chipset is powering the core of Teleconnect's omniPOF modules for home networking applications using plastic optical fiber (POF). Teleconnect joins the growing list of ODM and OEM partners in the second wave of G.hn design wins for Marvell, accelerating the global adoption of the extensible ITU-T standard designed to provide connectivity at data rates up to 1 Gbit/s over standard home wiring, including electrical wires, coaxial cables, twisted pair and, with Teleconnect, optical fiber. Full Article
Marvell Technology Group Ltd Loses $1.17 Billion Patent Verdict-Reuters
Reuters reported that A federal jury found that Marvell Technology Group Ltd infringed two patents held by Carnegie Mellon University, and ordered the chipmaker to pay $1.17 billion in damages. Jurors also found that Marvell's patent infringement was willful. This could enable the trial judge, Nora Barry Fischer, to award triple damages, a sum close to the $3.96 billion market value of Marvell, whose chips are used for reading and writing data on hard disk drives. Full Article
Marvell Technology Group Ltd Increases Share Repurchase Program By Additional $500 Million
Marvell Technology Group Ltd announced that the Board of Directors has authorized Marvell to repurchase up to an additional $500 million under its share repurchase program. With this increase, the cumulative total share repurchase authorized will amount to $3.0 billion. As of the end of Marvell's third fiscal quarter of 2013 ended October 27, 2012, Marvell had made approximately $2.1 billion in share repurchases under the prior authorization. Full Article
Marvell Technology Group Ltd Issues Q4 2013 Guidance Below Analysts' Estimates-Conference Call
Marvell Technology Group Ltd announced that for the fourth quarter of 2013, it expects revenues to be in the range of $700 million to $740 million and non-GAAP EPS to be about $0.13 per diluted share, plus or minus a couple of pennies. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $747 million and EPS of $0.17 for the fourth quarter of 2013. Full Article
Marvell Technology Group Ltd Announces Chief Financial Officer Transition
Marvell Technology Group Ltd announced that Clyde Hosein has resigned as chief financial officer to pursue other opportunities. Brad Feller, vice president and corporate controller, will serve as interim chief financial officer during a search for Mr. Hosein's replacement. Mr. Hosein will assist Marvell during this transition period. Full Article
Marvell Technology Group Ltd Lowers Q3 2013 Revenue Guidance
Marvell Technology Group Ltd announced that for the third quarter of 2013, it expects net revenue to be in the range of $765 million to $785 million, compared with prior outlook of between $800 million to $850 million. Full Article
Marvell forecast beats estimates; shares rise
- Chipmaker Marvell Technology Group Ltd forecast current-quarter revenue above analysts' expectations and reported first-quarter results that beat estimates on high demand for its storage and networking chips.
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