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Marvell Technology Group Ltd. Receives Additional Notice from Nasdaq
Monday June 18, 4:56 pm ET
http://biz.yahoo.com/prnews/070618/aqm190.html?.v=3
SANTA CLARA, Calif., June 18 /PRNewswire-FirstCall/ -- Marvell Technology Group Ltd. (Nasdaq: MRVL - News) today announced that it has received a notice from the NASDAQ Stock Market dated June 11, 2007 stating that the Company is not in compliance with NASDAQ's Marketplace Rule 4310(c)(14) because the Company has not timely filed its Quarterly Report on Form 10-Q for the fiscal quarter ended April 28, 2007 and, therefore, its common stock continues to be subject to delisting from The Nasdaq Global Select Market. Marvell received similar notices on March 30, 2007, December 8, 2006, and September 8, 2006 due to the delay in filing its Form 10-K for the fiscal year ended January 27, 2007 and its Forms 10-Q for the fiscal quarters ended October 28, 2006 and July 29, 2006. As previously disclosed, a special committee of the Company's Board of Directors has conducted an internal review relating to the Company's historical stock option practices and related accounting matters. The Company is working diligently to complete the restatement of its historical financial statements and file its delayed Forms 10-Q and Form 10-K as soon as practicable.
On May 25, 2007, the NASDAQ Listing and Hearing Review Council issued a decision staying any delisting action and granting an extension to June 26, 2007 for Marvell to file its Form 10-K for the fiscal year ended January 27, 2007 and its Forms 10-Q for the fiscal quarters ended October 28, 2006 and July 29, 2006. Marvell intends to make an additional submission to the Listing Council regarding its plans to file the Form 10-Q for the fiscal quarter ended April 28, 2007. There can be no assurance that the outcome of the Listing Council's review will be favorable to Marvell or that Marvell will remain listed on The Nasdaq Global Select Market.
Try Sony Ericsson Walkman music-playing phone, Sam's UpStage music phone. They are still far behind iPhone which is vPod, iPod, cell phone, Mobile Internet all-in-one in HW. In SW, they are five years behind.
Hands-on with Sony Ericsson's W960 Walkman Smartphone
http://www.mobileburn.com/gallery.jsp?Id=3456
http://www.pocketpicks.co.uk/latest/index.php/2007/06/15/sonys-heavyweight-w960-walkman-bruises-into...
I'll be reading your PhD thesis.
BBQ, I give you credit for sticking with 600'ish MHz range. You have been very consistent throughout your thinking-out-loud. It's a smart choice. Your rationale is sound. The $120MM question is what part number and therefore the ASP and gross margin.
I assure you that the PXA 3xx GM is much higher than that of 11g Wifi.
I've been in that store, smacked right at the corner (Oregon X & El Camino Real) of a very busy street like downtown Manhattan. It's located in a premium location. There are very few parking spaces. I told the AT&T gal there to expect a throng wrapping around the store many times during iPhone launch. In fact, there is no space for the line. Police and pre-hired crowd-control security guards will need to barricade that area. Store traffic there is always busy, rain or shine.
6PM is the height of traffic hour in Si valley. The crowd probably will start forming in the morning to have any chance.
Apple headquarters and main campus is in Cupertino, 30 mins to that store. MRVL's main campus is in Santa Clara along Hwy 237, 25 mins to that store.
S2, is your local store that bad ?
Samsung aims to one-up Apple
South Korea is a hotbed of cutting-edge cell phones - but its largest phone maker is hoping an iPod rival won't be lost in translation after the iPhone launches.
[There is too much conflict of interest between Sam and Apple in smartphone biz.]
http://money.cnn.com/2007/05/14/magazines/business2/samsung_apple.biz2/index.htm
BlackBerry vs iPhone projected sales
http://www.thestreet.com/_yahoo/newsanalysis/techgames/10363270_2.html
Conservative figures peg iPhone shipments at between 2 million and 5 million this year, and more than 10 million in 2008. Piper Jaffray analyst Gene Munster forecasts 45 million units shipped in 2009. That would dwarf sales of Research In Motion's (RIMM - Cramer's Take - Stockpickr - Rating)BlackBerry, which have just begun topping 1 million new subscriber accounts on a quarterly basis.
A shorter battery life would limit the iPhone's utility for business users who have come to rely on the durability of Blackberry, which endures days of active use without recharging. The iPhone in some ways is starting behind the Blackberry because it lacks a feature for immediate email delivery.
[Both BB and iPhone have MRVL chips inside. The jockey is riding two fastest horses on the track.]
Apple also decided against including a Blackberry-like keyboard to make its screen as large as possible for surfing the Web and watching videos.
Extending the battery life can help the iPhone maintain its appeal as a multimedia device for general consumers, and keep it on target to meet sales forecasts even if business uses stay faithful to their BlackBerry.
Compare talk/standby time among smartphones
http://www.eetimes.com/showArticle.jhtml;jsessionid=URSJFVLSQ1PXQQSNDLOSKHSCJUNN2JVN?articleID=19990....
Smart phones like the iPhone also need lots of power as they aim to handle Web browsing, personal data storage and music and video playback -- as well as talk.
Apple said its battery claims are dependent upon specific configurations and "many other factors." It did not elaborate.
In comparison to Apple's eight hours of talk time, one rival music player phone from Samsung Electronics Co. Ltd , the Upstage, has a battery life of up to 6.3 hours, according to Sprint Nextel Corp., which sells the phone.
The BlackJack, another Samsung phone has talk time of up to 5 1/2 hours, according to AT&T, which sells the phone.
[BlackJack is Sam's latest model.]
Apple said its device can support seven hours of video playback or 24 hours of audio playback and more than 10 days of standby time.
While the Curve from Research In Motion has a talk-time of up to four hours, it has standby power of up to 17 days, according to AT&T's Web site.
7. Gaming on the Go - The advanced touch screen is just begging to have solid games built around it. Yes, rereleasing classics like Pacman and Tetris are an easy way for Apple to make a quick buck, but a few fresh titles that are built around the touch screen would be major hits if made well. The DS has been a steller success due in part to its touch screen. Current iPods have games built for them, games that are even purchasable over the iTunes store, so Apple releasing games for the iPhone is pretty much a given. The issue is in regards to the quality of the games, given the powerful processor found within the iPhone, Apple has the opportunity to go one step further, to support newer handheld gaming features such as online multiplayer session, with players matched up based on their playskill, as well as support for things such as downloadable demos and other downloadable content.
http://pogue.blogs.nytimes.com/2007/01/13/ultimate-iphone-faqs-list-part-2/
Apple Extends iPhone Battery Life
http://www.newsfactor.com/story.xhtml?story_id=102005WMZ1IO
[It's should be obvious who provides app processor by now. Straight Flush or a pair of Jacks ? All in or fold ? Last call...]
By Jennifer LeClaire
June 18, 2007 9:45AM
Apple's iPhone is already getting two significant upgrades even before the much-hyped handset hits the market through wireless provider AT&T: The first update is an extension of the iPhone's battery life to a full eight hours of talk time, while the second is a new glass overlay that replaces the former plastic overlay.
Just 11 days before the official launch of the much-hyped Apple iPhone, the Mac-maker has seemingly found a way to keep the buzz machine humming with a new announcement. On Monday, Apple said its iPhone would deliver significantly longer battery life when it ships on June 29 than was originally announced when the device was unveiled in January.
Apple had originally estimated battery life to be five hours. According to Apple, the iPhone now will offer up to eight hours of talk time, six hours of Internet use, seven hours of video playback, or 24 hours of audio playback. What's more, the iPhone will give its owners up to 250 hours -- more than 10 days -- of standby time.
"With eight hours of talk time and 24 hours of audio playback, iPhone's battery life is longer than any other 'smartphone' and even longer than most MP3 players," Apple CEO Steve Jobs said in a statement.
In addition to announcing news of the extended battery life, Apple also said that the iPhone will ship with a better display than was originally planned.
Better Battery 'Spectacular'
According to Avi Greengart, principal analyst of mobile devices at Current Analysis, the news that Apple has boosted the iPhone's battery life is great.
Greengart said that when Apple first announced the battery life specs in January, he was somewhat skeptical. If Apple had merely confirmed the initial five-hour battery life, he said, it would have been reassuring. To go beyond that initial announcement, he noted, is remarkable.
"The iPhone is such a thin device with such a large screen," Greengart said. "Thin devices mean you have to put in a smaller battery and large screens use up a lot of power. So the ability to use the device for extended periods of time is wonderful news for Apple."
High-Quality Glass Display
Apple also announced that the entire top surface of the iPhone, including its 3.5-inch display, has been upgraded from plastic to glass. Apple's aim with the upgraded display is to offer more scratch resistance and a clearer view of the information.
Apple is hoping the new iPhone interface will be a popular draw for consumers. Already featured in TV advertisements, the new interface can be controlled simply with a finger. The iPhone combines three products into one handheld device -- a mobile phone, a widescreen iPod, and an Internet device, complete with mobile applications for e-mail, Web browsing, and maps.
The iPhone will retail for either $500 or $600, depending on the configuration. AT&T has a five-year exclusive on the new device.
[The following is funny.]
It’s do or dial for Apple’s new iPhone
From The Sunday Times
Grant Ringshaw
TO DESCRIBE the June 29 launch of Apple’s iPhone as “hotly awaited” doesn’t even begin to do justice to the scale of the ballyhoo.
In America, they are calling it the Jesus phone. One mobile expert, Tomi Ahonen, has declared the mobile telecoms world will count its time in two eras: BI, Before the iPhone, and AI, After the iPhone.
Forget Vodafone, forget Nokia. Those guys were just waiting for Apple and Steve Jobs to show them what a mobile phone was all about.
Shares in Apple have risen by about 50% to $120 since the iPhone was unveiled in January, adding $35 billion to the company’s value.
Of course, the iPhone is beautifully designed. Part phone, part iPod, part video player, part internet browser – other devices offer similar functionality, but none is so elegant. The software is thought to be full of the clever and user-friendly twists that have made Apple so successful.
Looking for clues
http://www.globes.co.il/serveEN/globes/docView.asp?did=1000220698&fid=1176
6/12/07
Among the large chip manufacturing stocks that I have in my portfolio, my hope is that if the market in its entirety doesn't head down again this week, then SanDisk Corporation (Nasdaq:SNDK) and Marvell Technology Group (Nasdaq: MRVL) will have reached their annual low, and will be now heading back north. Both stocks gained more than 3% in Friday's session, and this, I feel, was due primarily to Apple Inc.'s (Nasdaq: AAPL) iPhone. Investors are looking for stocks that are connected either directly or indirectly to this hit, which is set to be in launched three weeks time on Friday.
SanDisk is likely to benefit indirectly from the stability, and perhaps a possible increase in flash prices, due to the large orders that Apple has been placing recently, as well as the royalties it will receive from Samsung Electronics Co. Ltd. (KSX:5930), one of Apple's largest suppliers. Rumor has it that for the time being, Marvell is still the exclusive supplier of wireless chips for the phone, chips that will enable unrestricted Internet surfing in places such as cafes and airports, without connecting through the telephony companies.
Steve Jobs has repeatedly declared that his target is 10 million handsets in the first year, and investment house Piper Jaffray estimates that this will reach a massive 45 million units, around 4% of the market, by as early as 2009. SanDisk VP and CFO Judy Bruner will be making a presentation today at the Bear Stearns 18th Annual Technology Conference in New York. It is not customary to revise guidance during a conference like this unless the company issues a special announcement prior to the event, but all the signs are that recent weeks have seen a radical improvement in the market conditions under which SanDisk operates.
SanDisk is pinning its hopes, not just on the iPhone, but also the launch by Apple of its flash-based video player. The company's investors will be looking for hints on the positive change in the flash market during Bruner's presentation today, hints which it has so far failed to provide during its other presentations last month. SanDisk has remained mum on this despite the stability and even increases in flash prices, and the optimism that Samsung, the largest player in this field, has been voicing about the coming quarters.
Samsung appears to have changed its policy, and it is now meticulously holding flash prices stable, by not rushing to switch its production lines from the loss-making DRAM memories to the profitable NAND. It shot itself in the foot during the first quarter of the year when it flooded the market with NAND chips, a move that was quite painful not just for competitors like SanDisk and Toshiba but for the company itself. This time round it has merely halted activity on the loss-making DRAM production lines until things calm down, while holding its NAND prices stable.
Must Read: All things iPhone
6/3/07
http://www.ilounge.com/index.php/articles/comments/9361/
You must read this article in its entirety. Excerpts follow.
Chips: Reports on iPhone’s key components have varied. An Italian Intel executive has said that the CPU is partially based on Intel’s XScale technology, which was sold to the Marvell Technology Group in mid-2006. Processors from the XScale family are used in Blackberry, Motorola Q, Treo, and other smartphones, and can be read about here; other reports suggest that Marvell’s part enables iPhone’s Wi-Fi (802.11) functionality. Similarly, Broadcom’s Chairman has confirmed that Broadcom provides at least one chip inside the iPhone, which is believed to be its video decoding processor, but could also include other features, such as Bluetooth and/or Wi-Fi. Samsung is believed to be providing an audio processor and memory for iPhone, while ARM Holdings has reportedly indicated that three ARM-licensed chips from other companies (possibly Marvell, Broadcom, and Samsung) will be found in the device. The accuracy of these reports will not be known until after the device’s release.
[11g Wifi is by MRVL. BRCM provides touchscreen controller.]
International Partners: Subsequent to Apple’s announcement of a partnership with AT&T for the United States, Canada’s Rogers Wireless has publicly claimed that it will offer the iPhone to Canadian customers. A leading car industry web site has reported that BMW is working to become the first company to offer a complete iPhone car integration system, following the BMW Your iPod promotion for iPod models. This report has since been disclaimed by certain sources, so its accuracy is unclear.
iPod Implications: Though Apple doesn’t speak about unannounced products, iLounge’s editors strongly suspect that iPhone’s widescreen and touchscreen technologies will appear alongside a hard drive in an upcoming update to the full-sized iPod, with the possibility that limited wireless functionality will also be included. We’d expect to see such an iPod announced after the iPhone, rather than before it, so as to avoid cannibalizing initial iPhone sales. Subsequent flash-based iterations (nano-sized) are, of course, also possible.
Sequels: Apple and AT&T have stated that iPhone follow-ups are coming soon, but the specifics and dates are only speculative at this point. Some are expected to be compatible with advanced 3G (HSDPA) data networks, once those networks are widespread, or customized for popular cellular networks in foreign countries. Others are expected to be cut-down, less expensive versions of the iPhone made for less demanding users.
Traveling: With rare exceptions, the iPhone is designed to work all over the world. It’s a Quad-Band GSM phone, relying on the older EDGE standard for its data communications, which makes it compatible with AT&T’s partner networks found in most parts of North America and Europe, and certain parts of Asia. iPhone will not work on Japan’s popular DoCoMo network, but it will work on the Softbank GSM network. All international phone use of a U.S.-purchased iPhone will require payment of additional service fees. Like most music phones, iPhone can also operate in a non-wireless Airplane Mode, enabling you to use its iPod portion - and more - while in flight.
Updates: During its second-quarter 2007 financial results conference call, Apple announced that it will offer both feature and application updates to the iPhone during its lifespan, a decision which forced the company to adopt a subscription-style revenue accounting system for the device. According to the company, these new additions to the iPhone’s capabilities are designed to surprise and delight iPhone owners, who are believed to be the product’s most likely advocates. Not surprisingly, Apple has not disclosed the specific features or applications that might be added to the iPhone in the future.
Video, Generally: When in iPod mode, all stored video types are now collapsed onto a single menu, which has all categories - TV shows, movies, etc. - all placed on one scrollable screen with icons for each video item. This is most likely because you won’t be able to fit enough video on it to need multiple screens for this. Video playback is totally smooth, and clearly at a higher resolution than the 5G iPod. Apple told The New York Times that video downloads, such as those offered by YouTube, might be supported by iPhone, but suggested that the company would need to “deal with YouTube” to make this happen.
Web: Based on Apple’s Safari web browser, but not quite as fully-featured, iPhone’s Web application permits multiple pages to be open at once, albeit not on screen at the same time, and skipped through only at the user’s request. The initial view of any page is fully zoomed out. Double tap any spot to zoom in to a readable size - Photoshop-style checkerboards appear until the graphics and text are fully loaded. Use pinch and expand gestures to zoom in and out of content with greater precision, a feature that replaces the need to hit the plus or minus signs on Google Maps, or the Zoom In and Out menus on Safari, over and over. Currently, neither Flash nor Java is supported, and in an interview with The New York Times, Apple discounted the possibility that Java will be added before iPhone’s release. Javascript, however, is integrated into the browser.
Survey: demand for iPhone will be insatiable
http://tech.blorge.com/Structure:%20/2007/06/16/survey-demand-for-iphone-will-be-insatiable/
http://www.phonemag.com/index.php/weblog/read_more/20070616high_awareness_strong_demand_for_iphone_a...
UK survey: 7 million keen to buy iPhone
http://www.tech.co.uk/gadgets/phones/mobile-phones/news/uk-survey-7-million-keen-to-buy-iphone?artic...
FTC, you are pretty savvy. BRCM weakness is power mgmt techniques and power-save architecture. BRCM's 11g had a hard time penetrating hand-held, low-power devices because of power consumption issue. MRVL has been famous for high performance at low power. That's why BRCM has been more PC OEM centric, or devices that plug into electric outlets
such as Apple TV.
Conversely, MRVL has had lots of design wins in battery-powered devices, i.e., cellphones, and the obvious ones in the near future.
I assure everyone here that iPhone's 11g Wifi is provided by MRVL. You can take my word for it. Whatever you do, don't short this stock. That's about as far as I could say. When it's set and done you will appreciate it.
When you do biz with Apple, relationship doesn't go too far if your parts don't meet the performance/power/speed/cost/roadmap/dependability requirement. Apple is known to be ruthless. It can drop a long-time partner in a heartbeat, just ask PortalPlayer. Anyone still remembered them.
Look at how many parts does BRCM win in the iPhone, a meager $2.5 touchscreen controller - a bone for the second dog. You know who the TopDog is. BRCM must be licking its pride and wound by now.
How could Uncle SJ leaves the most important partner out of the product launch of the 21st century. Bitter, eh ?
iPhone lust building for June 29 launch
http://www.sfgate.com/cgi-bin/blogs/sfgate/detail?blogid=19&entry_id=17657
Ford Tamer leaving BRCM. Watch out !
[Enterprise, BRCM's largest BU, accounts for 40% rev. In BRCM land, it usually means bad news for enterprise biz to follow, IMHO of course. Do your own DD.]
http://biz.yahoo.com/e/070615/brcm8-k.html
Form 8-K for BROADCOM CORP
15-Jun-2007
Other Events
Item 8.01 Other Events.
On June 11, 2007, Dr. Ford G. Tamer informed Broadcom Corporation of his resignation from the position of Senior Vice President & General Manager, Enterprise Networking Group, effective in September 2007, or earlier upon the appointment of, and the orderly transition of his duties to, his successor. Dr. Tamer is leaving Broadcom voluntarily to pursue leadership opportunities with emerging companies in the "clean technology" sector, and his departure from the company is an amicable one. A search has commenced to find his successor, and Dr. Tamer has agreed to assist Broadcom in identifying and interviewing potential candidates for the position, as well as in transitioning duties to his successor.
Regulators O.K. Apple's Bluetooth headset for sale alongside iPhone
http://www.appleinsider.com/articles/07/06/15/regulators_o_k_apples_bluetooth_headset_for_sale_along...
MRVL provides HDD SoC for $5/Apple TV
March 29, 2007, 2:53 pm
Apple: Pru Tears Down An AppleTV; Here’s What They Found Inside
Posted by Eric Savitz
http://blogs.barrons.com/techtraderdaily/2007/03/29/apple-pru-tears-down-an-appletv-heres-what-they-...
Prudential’s Mark Lipacis opened up one of Apple’s (AAPL) AppleTV set-top boxes, and wrote a report this morning on what he found inside.
Lipacis notes that Prudential hardware analyst Jesse Tortora sees Apple selling 800,000 units this year, and 1.8 million in 2008. “Based on the modest unit shipment estimates, we don’t expect the Apple iTV to materially change the economic fortunes of its suppliers,” he writes. Nonetheless, he thinks the exercise provides some insights “in understanding semiconductor vendors that are well positioned to see demand for their components.”
With that said, here’s what Lipacis found inside his AppleTV, including estimates prices for the parts:
* Intel (INTC): 1 GHz Crofton CPU with 2 MB of L2 Cache; $30-40.
* Intel: Calistoga chipset; $18.
* Broadcom (BRCM): 802.11n; $15.
* Nvidia (NVDA): GeForce Go 7300 graphic processor; $14.
* Nanya: 256 MB DDR2 DRAM; $12.
* Samsung: DDR3 DRAM; $5-$10.
* Linear (LLTC): 3 step-down regulators; $5-$10.
* Realtek: Audio Codec; $5-$10.
* Marvell (MRVL): hard-drive system on a chip; $5.
* Foxlink: Various printed circuit board connectors; $5.
* Silicon Image (SIMG): HDMI output; $3-$5.
* Silicon Storage Tech: Flash memory and controller; $3-$4.
* Realtek: Mini-PCI Fast ethernet controller; $3.
* International Rectifer (IRF): FETs; $2-$3.
* Cypress (CY): Clock chip for Calistoga chipset; $2.
* Cypress: controller for flash; $2.
* Intersil (ISIL): CPU voltage regulator; $1-$2.
* Texas Instruments (TXN): various analog components; $1-$2.
* Texas Instruments: HDD motor controller; $1.
Also in the box: a Toshiba 40 GB HDD with estimated cost to Apple of $30.
I posted a few posts regarding wireless micro-drive D.A.V.E.,
and a USB w/ Xscale inside drive to perform security functions such as scaning virus,... Please rewind the posts.
DAVE is very exciting. MRVL worked w/ STX, APPL, NOK for this beautiful device.
You are right. MRVL sampled 11g+Blue single chip last year, not enough time for it to make into iPhone as the qual is long and it took several respins to fix bugs. MRVL sampled Blue+AM/FM stereo single chip this year. Both chips will make into some high-volume SKUs designed by a country near Russia in 2H07.
Your inquiry is valid for iPhone II for Europe by 007 yearend.
Sorry for not replying sooner. I assumed you already knew the answer.
I know AAPL, MRVL, BRCM quite well for years, maybe too well - that's why I was in MRVL early on around $17ish, then $15ish. Let's use Apple TV as an example, pics was posted on teardown websites w/o any ack from either AAPL and BRCM months before Scott disclosed it in CC.
He lamented that OEM wouldn't allow him to announce any design win causing investors' consternation. He said he could only disclose a high profile win after a teardown or when the OEM permitted him. Scott is pretty high on the integrity scale if you know him.
AAPL is definitely the most notorious one, worse than Mosaid or KGB. That's their secret to command absolute attention when they do send a message and help them hype a new product.
Anybody did biz with APPL is sworn to secrecy. It's amazing that 3MM iPhones aready to ship. Not a single one was torn down.
I know for fact that only few smart money is already in the game. Many of them just blindly believe in analysts' report that Sam is inside. Therein lies great upside potential.
If you show me a magnified pic I should be able to authenticate it for you. I don't personally need to see pics. No need to prove it to me. I just want someone post it as a catalyst propelling the stock for all shareholders to benefit for they already suffer a great deal.
You are right about SJ's ambition. MRVL will ride its coatail. Both enjoy a special relationship. They need each other for now. AAPL needs MRVL chips to compete against the like of NOK, MOT, RIM, Sam.
RIM dominates enterprises. iPhone will likely dominate retails.
NOK is worried that iPhone II will enter its own backyard.
Vodafone is likely to carry iPhone II.
In Asia, Korea has the most advanced 3G (EV-DO, WCDMA) and 3.5G (Wimax) NW. Japan NW is more advanced that the U.S. too. iPhone III will compete against SonyEricson and Samsung in their backyards. Would Sam provide its best processor for the invader ? I think not.
iPhone spotted in public CalTrain
http://www.engadgetmobile.com/2007/06/14/iphone-spotted-in-public/
Yet no one was able to crack one open or dare do it before 6/29. That says something about SJ, the powerful.
Gov in Washington leaks left and right, not SJ. Maybe he should run for President.
I am sure on Sat. 6/30, there will be plenty of pics.
The nagging question is pics before filing. How will stock react ? anyone ?
Apple readying three million iPhones for launch
http://www.engadgetmobile.com/2007/06/08/apple-readying-three-million-iphones-for-launch/
I agree that we'll likely see $20+ by end of this month. MRVL will likely file at the 11th hour on 6/28 knowing how mgmt operates. Coupled with the iPhone launch you will find out what inside, wink, wink ...
You don't have to wait long, only 10 more trading days.
The tricky part is if S2 or someone else can get the pics of the iPhone gut showing a few big capital M's before the 10-K/Q filings, what do you think the stock will react ?
$20, $21, $22+
anyone ?
Analyst: iPhone Supply Key to Early Success
http://www.macobserver.com/stockwatch/2007/06/14.1.shtml
by Jeff Gamet, 8:20 AM EDT, June 14th, 2007
Apple's combination iPod and smartphone, the iPhone, is scheduled to debut at 6p.m. on June 29. The big question isn't whether or not consumers want it, but whether or not Apple will be able to meet the demand, according to Piper Jaffray analyst Gene Munster.
"Apple's production ramp for the June 29 launch of the iPhone remains one of the biggest questions surrounding the event," he said.
Mr. Munster expects Apple will have up to 10,000 units on hand at its largest flagship stores and about a million units available throughout its retail shops on launch day. Should Apple be able to maintain an adequate iPhone supply, the company could beat Mr. Munster's 200,000 sold during the last two days of the June quarter prediction.
Mr. Munster added "We also expect Apple to leverage its retail locations as 'hubs' for the evening launch event, hosting parties with DJs at some of the stores to create buzz on the 29th."
The iPhone's touchscreen makes up another unknown for the near-term success of the product. If the touchscreen performs below expectations, consumers will be less likely to make the purchase.
One small vote of confidence for Apple's touchscreen is already in. The Wall Street Journal's Walt Mossberg has been using a review unit for several days, and has already noted that the display works better than he expected it to. Mr. Mossberg's early comments bode well for the device since many consumers and investors are closely monitoring his iPhone impressions.
Mr. Munster is maintaining his "Outperform" rating and US$160 target price for Apple's stock. Apple is currently trading in the pre-market at $117.75, up 0.25 (0.21%).
AT&T iPhone deal may add 915,000 subscribers
http://www.azcentral.com/business/consumer/articles/0614biz-appleATT14-ON.html
mrWalrus, you can make up for that by going long. It's not too late. You won't see the current price comes July. Do your own DD.
WDC, Samsung: 10% customers
Soon it will be the fruit dealer.
http://seekingalpha.com/article/35907
We're excited, as we believe we are in the in front of a very strong cycle that will capitalize on the years of investments we have made. In the hard drive market; we continue to expand our clear leadership position by offering our customers the most advanced solution in the market.
Nobody else is coming close to match our intensive level of investment we continue to make in next generation Storage technologies. We have such advanced solutions were enabling our customers to introduce products that lead the competition in aerial density and performance.
Recent product announcements from our customers illustrate the advantages of our technology, as they are able to introduce drives at capacity points, while ahead of their competitors. This quarter, Samsung introduced an industry leading 160-gigabyte per platter, 2.5-inch hard drive, and Toshiba and Samsung have both announced 80 gigabyte, 1.8-inch small form factor hard drive.
One of the critical components that allow such increases in aerial density is our SOC read channel. Our SOC's ability to achieve better signal to noise ratio or SNR allows the hard drive to pack data even closer together on a even drive platter, allowing for higher capacities.
In a commoditized market like the HDD market, such incremental improvements can translate into share gains and improved profitability for our customers. We have always offered SOC's with by far the best SNR, which has provided our customers with measurable advantages in the market.
Once again, we are very excited to announce that we have dramatically increased our SNR advantage with revolutionary technological breakthrough. After over 6 years of internal development, we have now achieved the holy grail of read channel development with the industry-first read channel SOC.
Our patented implementation of these extremely complicated and advanced interactive algorithms will even put our customers to improve SNR and performance, which will allow even greater capacity points and manufacturing yields. We have incorporated this breakthrough technology into our new SOC’s, which will go into production early next year.
Our customers are very excited about the tremendous improvement in performance we will be offering, which will greatly enhance the competitiveness of their products in the market.
It is exciting to think about these opportunities at such large in dynamic markets as the cell phone, wireless, optical storage, and video can provide us given our unique technological advantages we can offer our customers.
In the cell phone market, we continue to be very encouraged about the strong execution from an operational as well as on a new product development front. The integration of this new business within Marvell continues to be progressing well and we are receiving very positive feedback from our customers in regards to the products we have recently introduced, as well as our strong road map.
We are also pleased to see strong design activity from new customers who have not historically been focused on the XScale products.
During the quarter, O2 in Europe became another major carrier to launch a 3G phone based on our advanced solutions following the Vodafone launch in February. We also continued to work closely with RIM to support their ongoing product launches and strong business strength.
[Vodafone is one possible carrier for iPhone II launched by 007 yearend in Europe.]
Also during the quarter, we commenced sampling our first highly integrated single chip communication processor, which combines an HSDPA, 3G based band with a high-speed application processor.
In regards to our application processors, we continue to see diverse design activity beyond just cell phones and smart phones. Our customer base is very large and we have high volume shipments into many different applications such as GPS, PDAs, VOIP phones and a variety of handheld devices for the mobile work force.
Many of these applications are beginning to also incorporate the benefits of wireless LAN and Bluetooth, which bodes well for incremental growth of content and future integration.
In regards to wireless LAN and Bluetooth, we continue to receive very solid design wins and are on track to start shipping our integrated wireless LAN and Bluetooth Single-Chip Solution in high volume in the second half of this year.
Additionally, during the quarter, we introduced a second Bluetooth device with an integrated FM radio. All of our Bluetooth solutions are completely certified to support extended data rates, 2.0.
As the clear leader in the embedded wireless LAN market, we are in a strong position to leverage these designs to now include the Bluetooth and FM functionality. We are seeing great interest and exciting designs in high volume applications, such as MP3 players, cell phones and gaming.
[This has NOK written all over. Next gen iPod will have 11g Wifi - even more rev from the fruit co. to keep up w/ SNDK MP3 players.]
Now moving to gigabit Ethernet, the market transitions from Fast Ethernet to gigabit Ethernet continues to provide us strong growth. This transition, which is sweeping across the infrastructure market is moving from the etch equipment into the home.
Given both the increased use of video and voice-over the network as well as the growing number of network-attached devices such as smart phones and gaming devices, the level of sophistication of the switching equipment is greatly pushing for new levels of intelligence and faster speeds.
As a result, the high volume SMB market is quickly moving from unmanaged Fast Ethernet to smart managed gigabit solutions.These trends play right into our strength and leverage the years of investment we have been placing in our Marvell total solution, or MTS, which combines our advanced silicon with complete software.
Signs of Semi bottom cited
http://www.mercurynews.com/business/ci_6137363?nclick_check=1
In cutting its forecast, the association said demand for computers, cellular phones and other products that use semiconductors remains strong. Scalise said.
The association expects sales of personal computers to rise 10 percent this year, while cell phone sales should be up 10 percent and consumer goods, like MP3 music players, should see sales rise by 20 percent. That growing demand should translate into the need for more semiconductors and firmer pricing.
Even memory makers are signaling changes ahead. At a conference of investors in New York on Tuesday, Micron Technology Vice President Kipp Bedard said he believed prices might be close to bottoming.
"We see solid growth going forward beyond 2007," Scalise said. "I don't think the fundamentals have changed at all."
Wall Street investors took the latest revision in stride. "It's not that big of a surprise," said analyst Eric Ross of ThinkEquity Partners. "It's more of a comment on DRAM, NAND and microprocessors than anything else."
With the fourth-quarter holiday season a boost for consumer demand, "I hope the end of the year is better," Ross added.
Gents, it might be in MRVL interest to file at the 11th hour. If you notice that the 28th is the dealine and the mother of all product launches occur on 29th. Now, the inconvenient truth is currently all employees are blacked out due to option probe. SJ's gag order plus the black-out would ensure that who supplies what in the iPhone is air-tight since employees can't trade the stock and benefit from it.
Even their ESPP program is suspended.
Learning from the option probe fiasco, mgmt doesn't want anymore trouble.
We owe a great debt of gratitude to the men and women whose sweat and blood will benefit the shareholders magnificiently. It's time to recognize and pay tribute to their heroic effort in the face of adversity.
I don't mind at all and in fact I highly recommend mgmt to grant employees more stock options at this low price to reward their contribution.
If employees are treated nicely, they will become even more productive and resourceful, we all will benefit. It's a win-win. I don't mind a little dilution.
Sehat, I have confidence in you to do just that if not already.
You are a lot smarter than shareholders gave you credit for.
The Xscale diversification was masterful, the steal of the decade. The purchase of the 40-acre 3Com opulent campus in 03 when mkt was tanking was comparable to highway robbery. It must have appreciated 4X since. The list goes on.
3G HSDPA BB 9000 available late '07
http://www.unstrung.com/document.asp?doc_id=114987
Later in 2007 RIM -- which has not yet responded to requests for comment on this story -- is expected to unveil what Levy calls "a major step forward in capability for the BlackBerry platform": the 9000 series. Currently projected for release in late 2007, this will be a full 3G device that runs on Cingular's HSDPA network. Based on a next-generation processor, the BlackBerry 9000 will include a memory slot for full-device data backup and restore, and will be the first device to display a newly designed user interface from RIM.
[MRVL is shipping HSDPA+Xscale single chip]
520MHz PXA-270 Xscale Rugged Windows CE PDA drafted by U.S. Marines
http://www.windowsfordevices.com/news/NS6725751481.html
PXA 270 624MHz Dopod U1000 Pocket PC
http://star-techcentral.com/tech/story.asp?file=/2007/6/14/prodit/17996689&sec=prodit
PXA271 XScale 2nd-gen wireless sensor platform runs Linux
http://www.linuxdevices.com/news/NS6488003219.html
400 MHz Xscale Windows CE speeds up retail checkout process
http://www.windowsfordevices.com/news/NS8329483722.html
Caris:22M iPhone '08, 37.5M '09. Piper Jaffray: 45M '09
[iPhone is the King maker for chip suppliers. This is why MRVL may appreciate by 50% by Nov 07 making it a better investment than AAPL starting from today.]
Analyst downgrades Apple stock, but others don't agree
SALES FORECASTS FOR IPHONE HYPED, THINKEQUITY SAYS
By Allen Wan
Bloomberg News
Article Launched: 06/13/2007 01:37:43 AM PDT
http://www.mercurynews.com/businessheadlines/ci_6128594?nclick_check=1
Apple was downgraded to the equivalent of a "hold" rating at ThinkEquity Partners, which said the stock was overvalued due to excessive "hype" over the iPhone.
"The stock is overbought on the hype and hoopla of the yet-to-be-launched iPhone," analyst Jonathan Hoopes wrote in a note to investors. "While we may be wrong, we believe the near-term `easy money' has already been made." The iPhone is Apple's combination mobile phone and iPod music player.
Hoopes, who is based in New York, lowered Apple's stock rating to "accumulate" from "buy." The analyst said that while he still "loved" the company, he was less enthusiastic about the shares after a recent rally before the introduction of the iPhone on June 29.
Shares of Cupertino-based Apple rose 19 cents to $120.38 in Nasdaq Stock Market trading. The stock is up 44 percent this year, compared with a 5.4 percent increase in the Standard and Poor's 500 Information Technology Index.
Few analysts shared Hoopes' view.
At Caris & Co., analyst Shebly Seyrafi on Tuesday raised his Apple share-price forecast by 22 percent to $140 on expectations that the iPhone will boost earnings in 2008 and 2009.
"Although bears note that the `smartphone' market is only a small segment of the 1 billion-plus cell phone market, we believe that Apple will catalyze growth of this segment," Seyrafi wrote.
The Caris analyst boosted his iPhone shipment estimates by 4 million to 22 million phones in 2008 and by 10.5 million to 37.5 million units in 2009.
Even then, his estimates pale with those at other brokerages such as Piper Jaffray, which expects as many as 45 million iPhones to be sold in 2009.
Of the 26 analysts with ratings on Apple, only four have the equivalent of a "hold" rating on the shares, according to data compiled by Bloomberg News. The rest have "buy" ratings.
I'd like to get one if available. I choose to own MRVL at this point for it has better upside potential; 50% from here by Nov 07 is possible. It's hard for AAPL to be up 50% in the same time frame.
Safari on Windows shows path to iPhone
http://technology.guardian.co.uk/weekly/story/0,,2101814,00.html
Excellent article. You might want to read in full.
Excerpts follow.
Jobs also revisited his demonstration given at last August's WWDC of the next version of Mac OS X, dubbed Leopard, due for release this October at a price of $129 (in the UK £89, not the £65 that current exchange rates would imply). Leopard will sport a redesigned Finder interface for file and network navigation, with graphical depictions of files in "stacks" and another that shows them like album covers being flipped.
But it is the iPhone that is clearly the core of Apple's focus - via Safari. Apple has huge ambitions for the combined phone, music player and internet device: in January, Jobs suggested an aim of 1% of the worldwide mobile phone market for next year, which would translate into 10m units. With iPhones about to go on sale in the US on June 29, the company is rumoured to have 3M ready for purchase immediately.
The presence of Apple-built software on the iPhone raised hopes ahead of the conference that Apple would provide a software development kit (SDK) or set of application programming interfaces (APIs) to let developers write software to run directly on iPhones.
Those hopes were dashed. "We have been trying to come up with a solution to expand the capabilities of the iPhone so developers can write great apps for it, but keep the iPhone secure," Jobs told the conference. His message: write web applications that run on a server (and work via Safari); iPhone users then will be able to access them through the fully fledged Safari browser on the phone. "Don't worry about distribution, just put 'em on an internet server. And guess what, there's no SDK you need!" he said.
Analyst: iPhone development secure, limited
http://www.ipodnn.com/articles/07/06/13/analyst.on.iphone.apps/
Pros of iPhone Web-based applications
"The primary benefit of not opening the iPhone to built-in third-party applications is security. Third-party applications can easily include viruses, causing network instability, but the iPhone will be more reliable because it will only use the applications that Apple has built into the device," said Munster.
All Web-based applications for iPhone will run through Apple's Safari Web browser, giving Apple full control of the applications stored locally on the device.
"Despite the hosted nature of these apps, they can still use iPhone's 'services' like making calls or using Google Maps."
Cons of iPhone Web applications
Munster points to the limitations of Web-based software as the primary drawback for iPhone developers.
"While an SDK would enable slightly more complex applications that could run without an internet connection, the Web-based applications will require an internet connection to operate," the analyst said. "Furthermore, the Web-based applications are generally less complex than standalone applications."
Finally, Munster says Web-based applications are more difficult for the average user to locate and utilize than built-in software. The analyst notes, however, that the iPhone comes with all of the essential features built-in to provide the average user with few reasons to run third-party applications.
I knew it were you. You are very welcome. He doesn't bother me a bit. My tolerance threshold is rather high these days.
The stars are aligned for MRVL to launch. Sector rotation into semi will begin shortly. There are lots of activity in the semi backend process: wafer start increases, test/assembly/packaging order increase significantly, especially from MRVL. You can double check with your sources.
Plus, it's Straight Flush time. You know what I mean.
10-K, 10-Q filing would help significantly.
2H07 HDD/ITM renaisance will happen due to Santa Rosa laptop, MacPro. There are two SoCs per ITM, one for at least one HDD, one for Flash Cache controller, both from MRVL.
'007 yearend will see Quad band GSM+3G HSDPA iPhone II launch in Europe.
'008 GPS+dual screen+Quad band GSM+HSDPA+WCDMA iPhone III will launch in Asia and the U.S.
Total World Domination as Henry Nicholas used to say.
This stock is so cheap for too long. It gonna "Run, run Forest !"
Do your own DD.
First phone to come with a desktop-class e-mail
http://eetimes.com/news/latest/showArticle.jhtml;jsessionid=BFTXWRWQWFPNMQSNDLSCKHA?articleID=199903....
Apple offers tips on how to prepare for iPhone
http://www.appleinsider.com/articles/07/06/12/apple_offers_tips_on_how_to_prepare_for_iphone.html
Apple serving up 1 million copies of iTunes each day
Apple Inc.'s iTunes digital jukebox software is downloaded 1 million times per day and has an active user base of 500 million users, the company said during annual developers conference on Monday.
http://www.appleinsider.com/articles/07/06/12/apple_serving_up_1_million_copies_of_itunes_each_day.h....
Apple Inc. has made one of its first overt attempts to tap into web youth culture, establishing links between its iTunes Store and European social networking site Bebo.
http://www.appleinsider.com/articles/07/06/12/apple_links_itunes_to_social_networking_through_bebo.h....
More iPhone Details
Many users are certainly trusting that Apple will deliver a highly functional iPhone. As the launch date approaches, additional details on capabilities are emerging through news reports.
On a more positive note, the site reports that if you're watching a video when a call comes in, it will automatically pause and resume afterwards, if you take the call. In addition, reports indicate that the iPhone will let you browse the Web or read e-mail while talking.
http://www.newsfactor.com/news/Apple--iPhone-Setup-Requires-iTunes/story.xhtml?story_id=031001SMIC28
The Last 5 iPhone Questions (and Yours)
http://www.ilounge.com/index.php/articles/comments/10177/
Our Best Guesses: In a nearly ideal world, AT&T’s iPhone pricing would be closer to T-Mobile’s, and in that case, your lowest cost to buy and operate an iPhone over the first two years would be $1,459, with 1000 minutes per month at $1,939. Based on its existing pricing, however, $2,419 would be the lifetime operating cost we would expect for a 4GB iPhone plus two years of AT&T’s most basic 450 minute voice plan with unlimited data access. That goes up to $2,519 for the 8GB model at 450 minutes. Step up to 900 minutes of talk time and you’ll pay $2,899 over two years for the 4GB model, or $2,999 for the 8GB model. A new activation fee will also apply for new customers. We really hope that Apple can convince AT&T to offer superior iPhone-specific prices, given the huge number of new customers that would be acquired with more T-Mobile-like monthly service packages.
Our Best Guesses: It’s unclear whether iPhone will be better than, equivalent to, or less impressive than the average AT&T phone in reception and broadcasting ability, but our best guess would be that it’ll be at least above-average. At that point, it will all come down to whether AT&T’s towers work well by where you live. Check AT&T’s Coverage Viewer to determine what promises it makes for your immediate area, and places you often travel to and from.
Our Best Guesses: Apple does provide general and iPod-specific guides to its batteries, noting that “a properly maintained iPod battery is designed to retain up to 80% of its original capacity after 400 full charge and discharge cycles,” and that its notebook batteries should retain 80% of original capacity after 300 cycles. If your iPhone is discharged and recharged daily, it’s probably fair to expect that you’ll need to replace the battery after a year or a year and a half.
We’ll have to see whether Apple provides more details on expected battery life, and how replacements will be handled. Will you need to give up your phone for several days for a repair?
Our Best Guesses: We’re hoping that Apple’s past six months of unusually public iPhone testing have eliminated all the hardware glitches; we’d guess that it has figured out most of them, and that the only question marks will be the long-term functionality of the new multi-touch screen and the device’s other sensors. We’ve had long-term orientation sensor issues with digital cameras, and would hate to see iPhone stuck in one position or the other over time. Like past iPods, we’d expect iPhone may have limited software issues at launch, but they will thankfully be remediable through iPhone software updates, and new features will be added through software as time goes on.
Our Best Guesses: In all honesty, we’re not as worried about iPhone’s on-screen keyboard as some people, and we’re inclined to believe Apple’s suggestion that it’ll take a few days to get used to and then prove both trustworthy and efficient for typing. No matter how bad it might be, we tend to think that it has to be better for typing text messages than the keypads of most cell phones, so average (not smartphone) users might consider it an upgrade no matter what. But it remains to be seen how typing will compare with the keyboards on Sidekicks, BlackBerry devices, and other mobile-ready PDAs. We’re not sure yet whether serious users feel compelled to steer clear of iPhone because of this alone, or whether they give it a chance and adapt to the multi-touch virtual keys.
Marvell WLAN SoC Receives Prestigious INSIGHT Award
http://biz.yahoo.com/prnews/070613/aqw069b.html?.v=1
Apple Says IPhone Users Will Need an ITunes Account
http://www.bloomberg.com/apps/news?pid=20601103&sid=a8sZxbGMKV6s&refer=news
By Connie Guglielmo
June 12 (Bloomberg) -- Apple Inc. sent an e-mail to consumers interested in the iPhone telling them they'll need an account on its iTunes online store to set up the device.
The message, titled ``Get Ready for iPhone,'' was sent today to people who signed up for news about the product, said Steve Dowling, a spokesman for Cupertino, California-based Apple. The iPod-based mobile phone will be released in the U.S. June 29.
Chief Executive Officer Steve Jobs said the iPhone will be Apple's third main business, alongside the Macintosh computer and iPod music and video player, which each ring up annual sales of about $10 billion. Apple expects to sell 10 million iPhones in 2008 to capture a 1 percent share of the mobile-phone market.
``When your first iPhone is coming to the end of its life, and you are looking at what to get next, you will be more likely to get an iPhone again because your media flow is on iTunes,'' Gene Munster, an analyst with Piper Jaffray & Co. in Minneapolis, said. ``Forcing people to set up an iTunes account gets iPhone users to standardize on iTunes.''
An iTunes account is ``necessary to set up your iPhone,'' the e-mail said. Apple advises prospective buyers to also begin preparing contact and calendar information and their music and photos for transfer to the device.
[Clever biz model.]
The company will start selling the iPhone in its retail stores on June 29 at 6 p.m. in each U.S. time zone, Jobs told attendees at the company's annual developers meeting yesterday. Apple will offer a 4-gigbatye version for $499 and an 8-gigabyte model for $599.
AT&T Inc., the largest U.S. mobile-phone service provider, will also carry the phone, which requires a two-year service contract. The San Antonio-based company said the iPhone has attracted interest from more than 1 million customers since Apple unveiled it in January.
Anticipation for iPhone sales helped propel Apple's market value above $100 billion last month for the first time in the company's 31-year history. The shares closed at a record high of $124.49 last week. They rose 19 cents to $120.38 at 4 p.m. New York time today in Nasdaq Stock Market trading.