Form 8-K MARVELL TECHNOLOGY GROUP For: Sep 23
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Cowen Remains Bullish on Marvell Technology (MRVL) Following Announced Mobile Platform Closing
September 25, 2015 7:10 AM EDTCowen reiterated an Outperform rating and $14.00 price target on Marvell (NASDAQ: MRVL) following announced closing of the company's mobile platform business. It appears that the company was a victim of bad timing in negotiating a sale or spin-off, with increased competition in... More
Susquehanna Remains Neutral on Marvell Technology (MRVL) Following Announced Closing of Handset Business
September 25, 2015 6:46 AM EDTSusquehanna maintained a Neutral rating and $9.00 price target on Marvell (NASDAQ: MRVL) following the announced resolution of its wireless handset business. Unfortunately, rather than finding a buyer for the business, MRVL has made the decision to close it down. The company intends to significantly downsize its mobile organization to refocus its technology on emerging opportunities in IoT, automotive and networking.
Analyst... More
