Telecom & Wireless
Marvell Gives Limited Results, Very Limited (MRVL)
Published:
Marvell Technology (MRVL-NASDAQ) has posted revenues of $635.1 million versus $646 million estimates. The company is also is late "yet again" on SEC filings and said that revenue growth in the quarter was limited due to weak demand. Naturally there is no guidance before the conference call. They didn’t even comment an iota on assets or liabilities. If they comment about ‘weak demand’ and gave no hint at guidance, is there any way to think that this gives the warm fuzzy feeling? Not here. These companies need to get their acts together and the NASD needs to start forcing a "D" on the end of the tickers like they used to. This is all part of why the company is scraping close to year lows again.
Jon C. Ogg
May 17, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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