When did stocks, let alone high growth tech stocks, start selling for book values? S&P would drop by 60-70% if stocks went down to their book values.
My estimate is very conservative. I am looking for a PEG of 1 which used to be unheard of for tech stocks, except for commodities like HDD. At 15% growth rate and $1.70 earnings for 2011 MRVL's one year target price is $25.50.