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MRVL Market Currents
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Tuesday 10:08 AM Hard drive kingpins Seagate (STX -6.8%) and Western Digital (WDC -4.8%) trade lower following analyst commentary about high inventory levels. Controller chip suppliers LSI (LSI -6.7%) and Marvell (MRVL -2.3%) are falling in sympathy. (previous)
Comment![Tech, On the Move]
- Friday 2:04 PM Up yesterday after beating FQ1 estimates and delivering decent FQ2 guidance, as well as announcing a dividend and new buybacks, Marvell (MRVL -2.2%) is now trading lower. Judging by how hard drive controller customers Seagate (STX -4.3%) and Western Digital (WDC -5.5%) are also selling off, the Street may have wanted hard drive demand to drive more FQ2 upside. Nomura (Reduce) is worried about the margin impact of a mix shift towards mobile baseband chips. (transcript) (also) [Tech, On the Move, Quick Ideas]
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at MarketWatch.com (Tue, 5:41PM)
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at MarketWatch.com (Fri, 6:48AM)
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at MarketWatch.com (Thu, 6:57PM)
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at MarketWatch.com (Thu, 5:01PM)
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at CNBC.com (Thu, 4:52PM)
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PR Newswire (Mon, 8:00AM)
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PR Newswire (May 10, 2012)
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Company Description
We are a fabless semiconductor provider of high-performance application-specific standard products. Our core strength of expertise is the development of complex System-on-a-Chip, or SoC, devices leveraging our extensive technology portfolio of intellectual property in the areas of analog,... More