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Marvell Technology Group Ltd. Message Board

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  • solo12831 solo12831 Nov 15, 2012 4:20 PM Flag

    781 mil and 12 cents wow

    you must be referring to the upward price movement when you say run run run. and disaster must be referring to short positions. yes, i think you explained the situation well.

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    • I think that is what MarketWatch was advertising last night as the "Expected" numbers.

      Sentiment: Strong Buy

      • 1 Reply to snydermcse
      • Revenue: $781 Million, a 4 percent sequential decrease
        GAAP Net Income: $69 Million, EPS of $0.12
        Non-GAAP Net Income: $113 Million, EPS of $0.20
        Free Cash Flow: $113 Million, 14 Percent of Revenue

        That is exactly in-line with what was expected for GAAP and Non-GAAP. Guidance and the amount of shares retired in the share repurchase are the keys.

        Funny enough there were lots of people yesterday saying MRVL would not stage a comeback until FY14 which starts in.... January of 2013. Yet it spooks people because they don't know MRVL's FY is basically a year ahead.

        Whichever way this one ultimately goes though is yet to be seen. But the games with all of the semi's is ridiculous at this point. Technology is not going away.

        Sentiment: Strong Buy

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