Carnegie Mellon wants Marvell to pay three times jury award, Reuters reports Carnegie Mellon University is asking a U.S. District Court in Pittsburgh to make Marvell Technology Group (MRVL) to pay up to three times the $1.17B jury verdict that they were ordered to pay in December for patent infringement, reports Reuters. The university said Marvell knew it was using Carnegie Mellon patents wrongfully and should pay up to triple damages as a result. Carnegie Mellon also is seeking $321 million in pre-judgment interest.Reference Link
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.