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Marvell Powers Google TV Ahead Of CES (MRVL, GOOG)

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By Jon C. Ogg Published
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Marvell Technology Group Ltd. (NASDAQ: MRVL) is trading up on news this morning that it and Google Inc. (NASDAQ: GOOG) are in a pact called “a major breakthrough in the convergence of TV, gaming, streaming video, popular web apps and social media.” The two companies are aiming to take the new Foresight Platform that is powered by Marvell’s ARMADA™ 1500 HD Media System-on-a-Chip which has been designed into the next generation of Google TVs.  If you wonder why this is being announced since Google TV has so far been dubbed a flop, it is ahead of the Consumer Electronics Show in Las Vegas.

This uses Marvell’s Qdeo™ video processing technology to deliver 3D video, audio, 3D graphic images and web content through the television.

Marvell shares are up 2.1% at $14.49 against a 52-week trading range of $11.23 to $22.01.  Some investors may consider this as noise rather than news unless Google can somehow make its TV effort a much more successful effort.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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