UBS Cuts Price target on Marvell Technology (MRVL) Given Additional Details on Delayed 2Q16 Results

IMPORTANT INVESTOR ALERT: Goldberg Law PC Announces an Investigation of Claims against Marvell Technology Group, Ltd. on Behalf of Investors

September 11, 2015 10:39 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Goldberg Law PC (http://www.Goldberglawpc.com) announces that it is... More

GPM Files Securities Class Action Lawsuit Against Marvell Technology Group, Ltd.

September 11, 2015 7:49 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (GPM) announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of a class (the Class) of purchasers of the securities of Marvell Technology Group, Ltd. (Marvell or the Company) (Nasdaq: MRVL) between November 20, 2014 and September 10, 2015, inclusive (the Class Period). Shareholders have 60 days from the date of this notice to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.

Please contact Casey Sadler at 888-773-9224 or... More

GPM Announces Investigation of Alleged Accounting Fraud By Marvell Technology Group Ltd.

September 11, 2015 2:10 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (GPM) announces that it is investigating potential claims on behalf of investors of Marvell Technology Group Ltd. ("Marvell" or the "Company") (NASDAQ: MRVL) concerning the Companys and its officers possible violations of federal securities laws in connection with Marvells recent disclosure of potentially fraudulent accounting practices; and, an unexpected loss for the fiscal second quarter.

On September 11, 2015, the Company reported a quarterly loss of $382.4 million for its fiscal second quarter, whereas analysts on average had predicted a quarterly profit of $11.9 million. The Company... More

Wolf Popper LLP Announces Investigation on Behalf of Investors in Marvell Technology Group Ltd.

September 11, 2015 11:33 AM EDT

NEW YORK, Sept. 11, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating potential securities fraud claims on behalf of investors in Marvell Technology Group Ltd. securities (NASDAQ: MRVL).  Marvell investors can contact Fei-Lu Qian at 877.370.7703 or [email protected] for more information.

On May 21, 2015, after the market closed, the Company announced financial results for the first quarter of fiscal 2016 and also... More

Marvell Technology Group Ltd. Reports Preliminary Second Quarter of Fiscal 2016 Financial Results

September 11, 2015 8:30 AM EDT

SANTA CLARA, Calif., Sept. 11, 2015 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a global leader in integrated silicon solutions, today reported preliminary financial results for the second quarter of fiscal year 2016, ended August 1, 2015.

Preliminary Second Quarter of Fiscal 2016 Financial Highlights (GAAP)

Revenue: Q2 FY 2016, $711 Million GAAP Net Loss: Q2 FY 2016, $382 Million GAAP Diluted Loss Per Share: Q2 FY 2016, $0.74

The Company also announced that the Audit Committee of the Company's Board of Directors is... More