JMP Securities Downgrades Marvell (MRVL) to Market Perform after Jury Verdict

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Go back to JMP Securities Downgrades Marvell (MRVL) to Market Perform after Jury Verdict

RBC Expects Marvell Technology (MRVL) to Appeal or Settle CMU Ruling at Lower Price Tag

December 27, 2012 7:43 AM EST

Shares of Marvell Technology (NASDAQ: MRVL) collapsed 10 percent Wednesday after the United States District Court for the Western District of Pennsylvania ruled in favor of Carnegie Mellon University (CMU) in the amount of $1.17bil over Marvell relating to two noise patents, where Marvell has been found to infringe.

Commenting on the... More

Noted Hedge Fund Hit as Marvell (MRVL) Slammed on Patent Ruling

December 26, 2012 3:33 PM EST

One bull on Marvell Technology (Nasdaq: MRVL) is getting hit today.

David Einhorn, of Greenlight Capital, is seeing millions vanish before his eyes following an adverse patent ruling today that could end up costing Marvell $1.17 billion or more.

Einhorn had 18,372,247 million... More

Marvell (MRVL) Sinks on Patent Ruling

December 26, 2012 2:58 PM EST

Shares of Marvell Technology Group Ltd (NASDAQ: MRVL) saw mid-day pressure following reports from the Wall Street Journal that a jury ruled the company should pay $1.17 billion in patent case brought by Carnegie Mellon University.

Shares of Marvell last traded down 8.6% to 7.54.... More