Marvell's ARMADA 1500 powers SFR's set-top box Marvell announced that European leading service provider, SFR, has launched its hybrid set-top box powered by Marvell's ARMADA 1500 Plus system-on-chip, or SoC, platform. The ARMADA 1500 Plus is a full HD media processor.
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.