On 22 June 2009, Marvell Technology Group Ltd. (Marvell) revised upwards its 2Q 10 net revenue outlook as a result of improved order rates in the quarter. Consequently, we expect to revise our estimates upwards. We maintain our HOLD rating for the Marvell common stock at current levels. We maintain our current HOLD rating for the stock based on our current anticipation of a negative currency impact on the European stock over our investment horizon and our fundamental outlook…

Marvell Technology Group Ltd. (Marvell) reported a significant y-o-y decline in net revenue for 1Q 10; however the company experienced marginal sequential growth during the quarter. While performance at the top-line and gross level were in line with our expectations, earnings fell short. Management guidance for top-line and margins for 2Q 10 lies in line with our previous expectations, and we do not anticipate a significant change in the target price, believing that…

Marvell Technology Group Ltd.’s (Marvell) NASDAQ common stock price has appreciated significantly since our supplement to the 3Q 09 update report, as a result of several factors including 4Q 09 results beating market expectations, improvement in Marvell’s near term business outlook based on an optimistic…