FBR Capital Raises Price Target on Marvell Technology (MRVL) Following Announced Mobile Platform Restructuring

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Go back to FBR Capital Raises Price Target on Marvell Technology (MRVL) Following Announced Mobile Platform Restructuring

Marvell Technology Group Ltd. Announces Significant Restructuring of Mobile Platform Business

September 24, 2015 4:15 PM EDT

SANTA CLARA, Calif., Sept. 24, 2015 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL) today announced a significant restructuring of its mobile platform business in order to focus the mobile product line on anticipated more profitable opportunities and right-size its expenses in line with corporate targets.  Marvell will continue its strong commitment to wireless connectivity such as WiFi and other wireless standards needed to support its strategies in existing markets as well as expanding into emerging opportunities in IoT and... More