Collins Stewart Initiates Coverage on Marvell Technology (MRVL) with a Hold
More News related to MRVL
- Marvell Celebrates Grand Opening of Marvell Building in Singapore
- Marvell Unveils New High Performance Ethernet Switching Family
- Marvell Award-Winning Qdeo Video Processing Adopted by Pioneer Elite BDP-09FD Blu-ray Disc Player
- Marvell Technology Announces Conference Call to Review Third Quarter Fiscal 2009 Financial Results
- Marvell Introduces First Commercially Available MacSec Enabled PHY
More News related to New Coverage
- Citi Initiates Coverage on US Soft Drink Makers
- William Blair Initiates Coverage on Data Networking Stocks
- Caris Starts Coverage on Ariba (ARBA), Concur (CNQR), salesforce.com (CRM), Taleo (TLEO)
- Oppenheimer Initiates Coverage on ViroPharma (VPHM)
- Oppenheimer Initiates Coverage on Cadence Pharmaceuticals (CADX) with an Outperform
Collins Stewart initiates coverage on Marvell Technology (Nasdaq: MRVL) with a Hold.
Collins analyst says, "Ongoing transparency and accountability issues along with paucity of revenue drivers keep us on the sidelines. Inventory correction in hard drives, loss of momentum at RIMM, and lack of new product cycles should result in sharply lower growth next year. We see downside risk for the stock to the mid single digits. Solid Ethernet and storage business, but flat to slow growth Marvell's legacy business provides for stable revenues near term but is unlikely to accelerate growth. Future growth must come from consumer segments Loss of single-source design status at RIMM and lack of traction in mainstream handsets leaves it few options."
Marvell Technology Group Ltd. is a global semiconductor provider of application-specific standard products (ASSPs).
Related Categories
New CoverageStocks Mentioned
+0.33Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
