Marvell Technology Group Ltd (MRVL.OQ)
2 Dec 2016
Nov 17 Marvell Technology Group Ltd reported a better-than-expected quarterly profit and said it would buy back $1 billion of shares.
* Marvell Technology Group - revenue is expected to be $565 million plus or minus 2%, excluding discontinued operations and reflecting normal seasonality for Q4
* Company currently intends to repurchase approximately $500 million worth of shares over next 12 months
* Announces restructuring actions to drive growth and improve profitability
Marvell Technology Group Ltd said it plans to cut about 900 jobs globally and sell non-core assets in a bid to lower costs by as much as $190 million annually.
Nov 2 Marvell Technology Group Ltd said it plans to cut about 900 jobs globally and sell non-core assets in a bid to lower costs by as much as $190 million annually.
A federal judge has dismissed a securities fraud lawsuit against Marvell Technology, finding an insufficient showing that the Silicon Valley chipmaker intentionally misled investors about its financial health.
Sept 14 Marvell Technology Group Ltd : Source text for Eikon: Further company coverage:
* Marvell technology group ltd. reports second quarter of fiscal 2017 financial results
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