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Stock Market & Financial Investment News

News Breaks
December 27, 2012
08:41 EDTMRVLMarvell says will seek to overturn negative patent verdict
On December 26, a jury in Pittsburgh delivered a verdict in a lawsuit brought by Carnegie Mellon University against Marvell Technology Group and Marvell Semiconductor, Marvellís U.S. operating subsidiary, in the United States District Court for the Western District of Pennsylvania. In the lawsuit, CMU asserted that Marvell infringed two CMU patents claiming a specific technique related to read channel detector technology that is not practiced by any Marvell chips. Marvell and MSI said in an 8-K filing that they believe there should be no disruption to their business or customers as a result of the verdict. Marvell and MSI believe that the evidence and the law do not support the juryís findings of infringement, validity and the award of damages. There are strong grounds for appeal and Marvell and MSI will seek to overturn the verdict in post-trial motions before the District Court and, if necessary, to appeal to the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. Marvell and MSI intend to vigorously challenge the judgment through all appropriate post trial motions and appeal processes. In addition, the district court in Pittsburgh has yet to rule on certain of Marvellís defenses and motions, including laches and Marvellís renewed request for a mistrial.
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August 22, 2014
07:59 EDTMRVLMarvell price target lowered to $17 from $19 at Brean Capital
Brean Capital lowered its price target on Marvell to $17 from $19 following Q2 results. The firm cited lowered guidance and said the stock is not expensive so maintains its Buy rating on the shares.
06:20 EDTMRVLOptions expected to be active
Options expected to be active: GME ARO CRM INTU TFM MRVL ROST BRCD
August 21, 2014
18:22 EDTMRVLOn The Fly: After Hours Movers
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16:16 EDTMRVLMarvell sees Q3 EPS 29c, plus or minus 2c, consensus 32c
Sees Q3 revenue $960M-$1B, consensus $1.01B.
16:14 EDTMRVLMarvell reports Q2 EPS 34c, consensus 28c
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15:15 EDTMRVLNotable companies reporting after market close
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August 20, 2014
15:25 EDTMRVLMarvell August 13.5 straddle priced for 4.7% move into Q2
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August 19, 2014
13:02 EDTMRVLMarvell Technology weekly volatility increases into Q2 and outlook
Marvell Technology August weekly call option implied volatility is at 74, September is at 34, November is at 30, January is at 29; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q2 results after the market close on August 21.
August 18, 2014
08:04 EDTMRVLSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
August 14, 2014
11:31 EDTMRVLMarvell upgraded to Buy from Hold at Standpoint Research
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07:43 EDTMRVLMarvell Technology August weekly volatility elevated into Q2 and outlook
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