No Poker Face from David Einhorn Today (MRVL)

David Einhorn of Greenlight Capital is likely smiling from ear-to-ear today. One of Einhorn's largest long positions, Marvell Technology Group Ltd (NASDAQ: MRVL), is up 7.6% early on news KKR is building a large stake in the semiconductor company.

At the end of the second quarter, Einhorn owned 44,289,000 Marvell Technology shares although he has been trimming his stake (had 51,802,443 shares at end of the first quarter). However, in his third quarter letter to investors he said Marvell was his fourth largest long position, behind Apple, GM and gold.

KKRs views the company as undervalued, a long held view of Einhron's. They may seek talks with the company.

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