Marvell (MRVL) Says Smart TV, Handset Apps Key to Growth in FY13
Tweet
Share
E-mailGet Alerts MRVL Hot Sheet
Price: $237.04 -5.57%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
EPS Growth %: +38.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
EPS Growth %: +38.8%
Join SI Premium – FREE
Marvell's (Nasdaq: MRVL) position in handset and smart television apps will play a big role for the company in FY13.
According to Digitimes, citing Marvell's Greater China Business VP Chris Chang, Marvell has laid-out a blueprint for its handset-IC business. The move comes following Marvell's acquisition of Intel's (Nasdaq: INTC) cellular communications and applications processor (AP) business in 2006. Chang noted that Marvell has gained notable market share in handset baseband and APs with CAGR of as much as 49 percent since 2005.
For smart TVs, Chang said that the Company's ARM Holdings (Nasdaq: ARMH)-based SoC has attractd business from companies like ASUStek, Sony (NYSE: SNE), Lenovo, and others.
Marvell had also expanded its R&D workforce in China to 2,500 employees. Staff in China and Taiwan now account for about 40 percent of Marvell's total.
Shares are flat in early trading Tuesday.
According to Digitimes, citing Marvell's Greater China Business VP Chris Chang, Marvell has laid-out a blueprint for its handset-IC business. The move comes following Marvell's acquisition of Intel's (Nasdaq: INTC) cellular communications and applications processor (AP) business in 2006. Chang noted that Marvell has gained notable market share in handset baseband and APs with CAGR of as much as 49 percent since 2005.
For smart TVs, Chang said that the Company's ARM Holdings (Nasdaq: ARMH)-based SoC has attractd business from companies like ASUStek, Sony (NYSE: SNE), Lenovo, and others.
Marvell had also expanded its R&D workforce in China to 2,500 employees. Staff in China and Taiwan now account for about 40 percent of Marvell's total.
Shares are flat in early trading Tuesday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BMO Capital Starts Marvell (MRVL) at Outperform
- JPMorgan Reiterates Overweight Rating on Marvell (MRVL)
- Deere conference call: 2027 orders up mid-single digits from last year)
Create E-mail Alert Related Categories
Insiders' Blog, Management CommentsSign 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!
