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Marvell Technology Group Ltd (MRVL.OQ)

MRVL.OQ on NASDAQ Stock Exchange Global Select Market

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22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Marvell Technology says termination fee of $180 mln
Tuesday, 21 Nov 2017 

Nov 20 (Reuters) - Marvell Technology Group Ltd : :Marvell Technology says ‍merger agreement provides for termination fee of $180 million under certain conditions - SEC filing.  Full Article

Marvell and Cavium to combine creating an infrastructure solutions powerhouse
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Cavium Inc :Marvell and Cavium to combine creating an infrastructure solutions powerhouse.Cavium Inc - deal expected to generate at least $150 to $175 million of annual run-rate synergies within 18 months post close.Cavium Inc - Marvell will pay Cavium shareholders $40.00 in cash and 2.1757 Marvell common shares for each share of Cavium common stock​ as per terms.Cavium Inc - ‍deal represents a transaction value of approximately $6 billion​.Cavium Inc - ‍Cavium shareholders are expected to own approximately 25 pct of combined company on a pro forma basis​ after deal close.Cavium Inc - ‍Marvell intends to fund cash consideration with a combination of cash on hand from combined companies and $1.75 billion in debt financing​.Cavium Inc - ‍transaction is not subject to any financing condition​.Cavium Inc - ‍Matt Murphy will lead combined company​.Cavium Inc - ‍deal significantly accretive to revenue growth, margins and non-GAAP EPS​.Cavium Inc - ‍Cavium's co-founder and CEO, Syed Ali, will continue with combined company as a strategic advisor and will join Marvell's board of directors​.Cavium Inc - deal ‍unanimously approved by boards of directors of Marvell Technology Group and Cavium​.Cavium Inc - ‍Syed Ali, along with 2 additional board members from Cavium's board, will join Marvell's board of directors effective upon deal​ close.Cavium Inc - ‍based on preliminary financial information, marvell expects revenue of $610 to $620 million​ for Q3.  Full Article

Marvell Technology in advanced talks to combine with Cavium - WSJ
Saturday, 4 Nov 2017 

Nov 3 (Reuters) - :Marvell Technology Group in advanced talks to combine with Cavium- WSJ, citing sources‍​.  Full Article

Marvell Technology Q2 non-GAAP EPS $0.30 from continuing operations
Friday, 25 Aug 2017 

Aug 24 (Reuters) - Marvell Technology Group Ltd ::Marvell Technology Group Ltd reports second quarter of fiscal year 2018 financial results.Q2 non-GAAP earnings per share $0.30 from continuing operations.Q2 GAAP earnings per share $0.26 from continuing operations.Q2 revenue $605 million versus I/B/E/S view $600.7 million.Q2 earnings per share view $0.28 -- Thomson Reuters I/B/E/S.Sees Q3 2018 non-GAAP earnings per share $0.30 to $0.34 from continuing operations.Sees Q3 2018 GAAP earnings per share $0.25 to $0.31 from continuing operations.Sees Q3 2018 revenue $595 million to $625 million.Marvell Technology Group Ltd - sees ‍Q3 GAAP and non-GAAP gross margins are expected to be approximately 61% to 62%​.Q3 earnings per share view $0.31, revenue view $616.7 million -- Thomson Reuters I/B/E/S.  Full Article

Inside Secure and Marvell deliver open source open data plane security VPN solution
Friday, 30 Sep 2016 

Inside Secure SA :Inside Secure and Marvell deliver open source open data plane security VPN solution.  Full Article

Marvell Technology Q2 non-gaap earnings per share $0.18
Tuesday, 6 Sep 2016 

Marvell Technology Group Ltd : Marvell technology group ltd. reports second quarter of fiscal 2017 financial results . Q2 gaap earnings per share $0.10 . Q2 earnings per share view $0.11 -- Thomson Reuters I/B/E/S . Sees q3 2017 gaap earnings per share $0.03 to $0.08 . Q2 non-gaap earnings per share $0.18 . Q2 revenue $626 million versus I/B/E/S view $630 million . Sees q3 2017 non-gaap earnings per share $0.08 to $0.13 . Q3 revenue is expected to be flat to down 4 percent from q2 .Q3 gaap and non-gaap gross margins are expected to be in range of 52 percent to 54 percent.  Full Article

Marvell technology group says appointment of Jean Hu as CFO
Friday, 19 Aug 2016 

Marvell Technology Group Ltd: Marvell Technology Group Ltd. announces appointment of Jean Hu as Chief Financial Officer . Hu joins Marvell from Qlogic Corporation, where she was SVP and CFO .Jean Hu succeeds David Eichler.  Full Article

Marvell Technology Group Q1 GAAP loss per share $0.04
Thursday, 28 Jul 2016 

Marvell Technology Group Ltd : Q2 non-GAAP diluted EPS are expected to be in range of $0.10 to $0.12. . For Q2 of fiscal 2017 GAAP and non-GAAP gross margins are expected to be in range of 52 percent to 54 percent . Marvell Technology Group Ltd. Reports first quarter of fiscal 2017 financial results . Q1 non-GAAP earnings per share $0.01 . Q1 GAAP loss per share $0.04 . Q1 revenue $541 million versus i/b/e/s view $573.7 million . Q1 earnings per share view $0.07 -- Thomson Reuters I/B/E/S . Says q2 revenue is expected to be in range of $625 million to $635 million. .Q2 GAAP diluted EPS are expected to be in range of $0.03 to $0.05.  Full Article

Marvell Technology Q4 GAAP earnings per share $0.01
Wednesday, 20 Jul 2016 

Marvell Technology Group Ltd : Marvell Technology Group Ltd. Reports fourth fiscal quarter and fiscal year 2016 financial results . Q4 non-GAAP earnings per share $0.11 . Q4 GAAP earnings per share $0.01 . Q4 revenue $616 million versus I/B/E/S view $652.6 million . Q4 earnings per share view $0.09 -- Thomson Reuters I/B/E/S . Anticipates mobile handset platform-related revenue to decline through fiscal year 2017 .Non-Gaap net income for q4 of fiscal 2016 was $55 million, or $0.11 per share.  Full Article

Marvell Technology's CEO Murphy's annual base salary will be $750,000
Tuesday, 21 Jun 2016 

Marvell Technology Group Ltd : Chief executive officer Murphy's annual base salary will be $750,000 - SEC filing .Effective as of date Murphy commences employment number of directors on board of directors will be increased from 11 to 12.  Full Article

BRIEF-Marvell Technology says termination fee of $180 mln

* Marvell Technology says ‍merger agreement provides for termination fee of $180 million under certain conditions - SEC filing Source text: (http://bit.ly/2AZ0oG6) Further company coverage: