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1 point posted on 06/12/08

N/A

christi :

+24.48%
risk: moderate

Outlook for Marvell?

Some of my north Cal friends work there. Why has Marvell price been going up in the last few months?

Is this a good time to get in? How will it look in the next few months?

Related to:

MRVL		Marvell Technology Group Ltd
COMP		NASDAQ Composite Index

Comments (1)

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lonk

78%

1 point commented 530 days ago reply

My best guess as to why the stock has suddenly started going up: MRVL recently reported on March 6, 2008 per share earnings of 20 cents, which is a big improvement since the last year or so of much lower figures. This guess is backed by MRVL gapping up considerably the day after it released its earnings of 24 cents per share on May 29, 2008.

I don't do semiconductors so I can't advise you as to what may happen. I find it interesting that my TDAmeritrade research site says that MRVL's P/E ratio is currently 2,377.47x though. That's definitely one of the higher P/E stocks I've looked at.

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Marvell Technology Group Ltd (MRVL)

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