Marvell Can Make You Money

3/24 - "...with its contractual obligations with Intel coming to an end, Marvell is finally in a better position to improve profitability. It also needs to come out of the options backdating scandal that slashed its shareholder value drastically and led to the resignation of its CFO George Hervey, as well as Weili Dai, the co-founder and wife of the CEO...The revolving door in the CFO’s office, however, is not at all a good sign, and it does not offer confidence that the issues are being addressed."

"In fiscal 2009, Marvell expects hard drive and wireless products to be the key drivers of its growth. Both are gangbuster growth markets, so no argument there...It also expects more design wins this year from its combo wireless devices for mobile and handheld devices, including 11BGA Bluetooth and FM-chips."

"The most important signal from the company needs to be that it has the options muck under control, which it doesn’t seem to have yet. Once this signal comes through, I think the business actually looks poised quite well, and the stock should recover."