Marvell plunges on patent case judgment, levels to watch The WSJ reported that a jury ruled the company should pay $1.17 billion in the patent case brought against the company by Carnegie Mellon University. At the current price of $7.41, next support is at $7.05, a prior pivot low. Resistance is at $7.60.
Broadcom price target raised to $52 from $48 at Oppenheimer Oppenheimer raised its price target on Broadcom as the firm believes that the tone at the company's Analyst Day was positive. The firm thinks the company's networking unit looks poised for further share gains at Marvell's (MRVL) expense. Oppenheimer continues to recommend buying the stock.