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Marvell Technology Group Ltd (MRVL.OQ)

MRVL.OQ on NASDAQ Stock Exchange Global Select Market

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20 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Marvell Technology Group Says On Dec 19, Plaintiff, Defendants Entered Into Written Settlement Agreement For Payment By Co Of $72.5 Mln
Friday, 22 Dec 2017 05:00pm EST 

Dec 22 (Reuters) - Marvell Technology Group Ltd ::MARVELL TECHNOLOGY GROUP SAYS ON DEC 19, PLAINTIFF, DEFENDANTS ENTERED INTO WRITTEN SETTLEMENT AGREEMENT FOR PAYMENT BY CO OF $72.5 MILLION - SEC FILING.  Full Article

Marvell Technology Group Reports Q3 GAAP Earnings Per Share $0.30 From Continuing Operations
Tuesday, 28 Nov 2017 04:05pm EST 

Nov 28 (Reuters) - Marvell Technology Group Ltd :: REPORTS THIRD QUARTER OF FISCAL YEAR 2018 FINANCIAL RESULTS.Q3 NON-GAAP EARNINGS PER SHARE $0.34 FROM CONTINUING OPERATIONS.Q3 GAAP EARNINGS PER SHARE $0.30 FROM CONTINUING OPERATIONS.Q3 REVENUE $616 MILLION VERSUS I/B/E/S VIEW $613.3 MILLION.Q3 EARNINGS PER SHARE VIEW $0.33 -- THOMSON REUTERS I/B/E/S.SEES Q4 2018 NON-GAAP EARNINGS PER SHARE $0.29 TO $0.33 FROM CONTINUING OPERATIONS.SEES Q4 2018 GAAP EARNINGS PER SHARE $0.23 TO $0.29 FROM CONTINUING OPERATIONS.SEES Q4 2018 REVENUE $595 MILLION TO $625 MILLION.- SEES ‍Q4 2018 GAAP AND NON-GAAP GROSS MARGINS TO BE APPROXIMATELY 62%​.Q4 EARNINGS PER SHARE VIEW $0.27 -- THOMSON REUTERS I/B/E/S.Q4 REVENUE VIEW $590.2 MILLION -- THOMSON REUTERS I/B/E/S.- ‍TRANSACTION WITH CAVIUM IS EXPECTED TO CLOSE IN MID-CALENDAR 2018​.  Full Article

Marvell Technology says termination fee of $180 mln
Monday, 20 Nov 2017 05:41pm EST 

Nov 20 (Reuters) - Marvell Technology Group Ltd : :Marvell Technology says ‍merger agreement provides for termination fee of $180 million under certain conditions - SEC filing.  Full Article

Marvell and Cavium to combine creating an infrastructure solutions powerhouse
Monday, 20 Nov 2017 07:00am EST 

Nov 20 (Reuters) - Cavium Inc :Marvell and Cavium to combine creating an infrastructure solutions powerhouse.Cavium Inc - deal expected to generate at least $150 to $175 million of annual run-rate synergies within 18 months post close.Cavium Inc - Marvell will pay Cavium shareholders $40.00 in cash and 2.1757 Marvell common shares for each share of Cavium common stock​ as per terms.Cavium Inc - ‍deal represents a transaction value of approximately $6 billion​.Cavium Inc - ‍Cavium shareholders are expected to own approximately 25 pct of combined company on a pro forma basis​ after deal close.Cavium Inc - ‍Marvell intends to fund cash consideration with a combination of cash on hand from combined companies and $1.75 billion in debt financing​.Cavium Inc - ‍transaction is not subject to any financing condition​.Cavium Inc - ‍Matt Murphy will lead combined company​.Cavium Inc - ‍deal significantly accretive to revenue growth, margins and non-GAAP EPS​.Cavium Inc - ‍Cavium's co-founder and CEO, Syed Ali, will continue with combined company as a strategic advisor and will join Marvell's board of directors​.Cavium Inc - deal ‍unanimously approved by boards of directors of Marvell Technology Group and Cavium​.Cavium Inc - ‍Syed Ali, along with 2 additional board members from Cavium's board, will join Marvell's board of directors effective upon deal​ close.Cavium Inc - ‍based on preliminary financial information, marvell expects revenue of $610 to $620 million​ for Q3.  Full Article

Marvell Technology in advanced talks to combine with Cavium - WSJ
Friday, 3 Nov 2017 05:48pm EDT 

Nov 3 (Reuters) - :Marvell Technology Group in advanced talks to combine with Cavium- WSJ, citing sources‍​.  Full Article

T. Rowe Price Associates reports 10.3 percent passive stake in Marvell Technology Group
Monday, 11 Sep 2017 01:45pm EDT 

Sept 11 (Reuters) - Marvell Technology Group Ltd ::T. Rowe Price Associates, Inc reports 10.3 percent passive stake in Marvell Technology Group Ltd as of August 31, 2017 - SEC filing.  Full Article

Marvell Technology Q2 non-GAAP EPS $0.30 from continuing operations
Thursday, 24 Aug 2017 04:05pm EDT 

Aug 24 (Reuters) - Marvell Technology Group Ltd ::Marvell Technology Group Ltd reports second quarter of fiscal year 2018 financial results.Q2 non-GAAP earnings per share $0.30 from continuing operations.Q2 GAAP earnings per share $0.26 from continuing operations.Q2 revenue $605 million versus I/B/E/S view $600.7 million.Q2 earnings per share view $0.28 -- Thomson Reuters I/B/E/S.Sees Q3 2018 non-GAAP earnings per share $0.30 to $0.34 from continuing operations.Sees Q3 2018 GAAP earnings per share $0.25 to $0.31 from continuing operations.Sees Q3 2018 revenue $595 million to $625 million.Marvell Technology Group Ltd - sees ‍Q3 GAAP and non-GAAP gross margins are expected to be approximately 61% to 62%​.Q3 earnings per share view $0.31, revenue view $616.7 million -- Thomson Reuters I/B/E/S.  Full Article

Synaptics to buy Conexant Systems and multimedia solutions business of Marvell Technology
Monday, 12 Jun 2017 04:25pm EDT 

June 12 (Reuters) - Synaptics Inc :Synaptics accelerates consumer iot strategy with acquisitions of conexant systems, llc and multimedia solutions business of marvell technology group.Synaptics inc says expects transaction to be accretive to its non-gaap earnings per share in first year following close.Synaptics inc says intends to fund transactions through a combination of cash and debt financing.Synaptics inc says also announced signing of a definitive agreement to acquire multimedia solutions business of marvell technology group.  Full Article

Marvell Technology Q1 adjusted profit $0.24/shr from cont ops
Thursday, 25 May 2017 04:05pm EDT 

May 25 (Reuters) - Marvell Technology Group Ltd :Marvell technology group ltd. Reports first quarter of fiscal year 2018 financial results.Q1 non-gaap earnings per share $0.24 from continuing operations.Q1 gaap earnings per share $0.19 from continuing operations.Q1 revenue $579 million versus i/b/e/s view $570.7 million.Q1 earnings per share view $0.21 -- Thomson Reuters I/B/E/S.Sees q2 2018 non-gaap earnings per share $0.26 to $0.30 from continuing operations.Sees q2 2018 gaap earnings per share $0.21 to $0.27 from continuing operations.Sees q2 2018 revenue $585 million to $615 million.Marvell technology group ltd sees q2 gaap and non-gaap gross margins of approximately 61%.Q2 earnings per share view $0.25, revenue view $591.7 million -- Thomson Reuters I/B/E/S.  Full Article

Marvell Technology Group Ltd Q4 non-GAAP earnings per share $0.22 from continuing operations
Thursday, 2 Mar 2017 04:05pm EST 

Marvell Technology Group Ltd : Marvell Technology Group Ltd. reports fourth quarter and fiscal year 2017 financial results . Q4 GAAP loss per share $0.15 from continuing operations . Q4 revenue $571 million versus I/B/E/S view $567.6 million . Q4 earnings per share view $0.19 -- Thomson Reuters I/B/E/S . Q4 non-GAAP earnings per share $0.22 from continuing operations . Sees Q1 2018 non-GAAP earnings per share $0.19 to $0.23 from continuing operations . Sees Q1 2018 GAAP earnings per share $0.12 to $0.18 from continuing operations . Sees Q1 revenue about $570 million, plus or minus 2 percent . GAAP and non-GAAP gross margins are expected to be approximately 59% in Q1 2018 .Q1 earnings per share view $0.17, revenue view $545.5 million -- Thomson Reuters I/B/E/S.  Full Article