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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.
News For MRVL From The Last 14 Days
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March 6, 2015
10:00 EDTMRVLOn The Fly: Analyst Upgrade Summary
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07:42 EDTMRVLMarvell upgraded to Positive at Susquehanna
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06:29 EDTMRVLMarvell upgraded to Positive from Neutral at Susquehanna
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March 2, 2015
08:09 EDTMRVLMarvell open sources KinomaJS
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06:05 EDTMRVLStocks with implied volatility movement; MNKD MRVL
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06:00 EDTMRVLMarvell announces partnership with Google;s ATAP Group
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February 25, 2015
10:01 EDTMRVLOn The Fly: Analyst Downgrade Summary
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09:36 EDTMRVLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL HPQ PBR FSLR MRVL TSLA LVS ABX TWTR MGM
07:08 EDTMRVLMarvell downgraded at Stifel
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06:07 EDTMRVLMarvell downgraded to Hold from Buy at Stifel
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February 24, 2015
10:08 EDTMRVLOptions with decreasing implied volatility
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February 20, 2015
10:22 EDTMRVLMarvell reiterated as a Sell at Goldman
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10:01 EDTMRVLOn The Fly: Analyst Upgrade Summary
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07:23 EDTMRVLMarvell willingness to explore alternatives a positive, says Brean Capital
Brean Capital noted Marvell reported a top-line miss but beat earnings by a penny and the firm said it was disappointed by the company's lower guidance. The firm believes that management's comment regarding their willingness to explore alternatives for its mobile business is positive and that a sale or joint venture could lead to significant upside. Brean Capital maintained its Buy rating and $17 price target on Marvell shares.
07:20 EDTMRVLMarvell says will consider 'anything that makes sense' for mobile business
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06:02 EDTMRVLMarvell upgraded to Outperform from Market Perform at FBR Capital
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