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Gee S2 had to check that last post wasn't sure at first if it was Rambos who posted it,lol
17:09 MRVL Marvell discloses it received SEC formal inquiry
From today's 8-K: "In July 2006, Marvell Technology announced that it had received a letter of informal inquiry from the Securities and Exchange Commission requesting certain documents relating to its stock option grants and practices. On April 20, 2007, the Company was informed that the SEC is now conducting a formal investigation in this matter. The Company has cooperated with the SEC regarding this matter and intends to continue to do so."
07 09:26 ET In Play Marvell: STX results may have affect on MRVL due to selling to hard disk industry - BWS Financial (16.79 ) : Boutique firm BWS Financial notes STX has not been mentioned as a 10% customer at Marvell Technology (MRVL), but the results could have some impact to the shares of MRVL due to MRVL selling to the hard disk industry. They state MRVL is coming off two Qs of working inventory out through the channel and that is why firm believes the Street would consider the inventory numbers at STX to be significant for MRVL. Firm does not anticipate general slowing in the demand for storage anytime soon, and that should keep MRVL selling hard disks in the coming quarter.
05-Apr-07 09:24 ET In Play UBS comments on the upcoming Q1 period for the Systems IC industry, says expect lackluster results : UBS is expecting generally lackluster results and earnings guidance for their coverage universe as the group works through the twin challenges of adverse seasonality and the bottoming process of this cyclical downturn. Although, they view the benign pre-announcement season as encouraging, their checks have not yet indicated material visibility improvement. The firm says that CY, NETL, and MRVL are the best positioned for upside surprises, while BRCM and SPSN are most likely to disappoint due to wireless.
I know S2 does not need anyone to defend him.I will say I have been trading longer than most have been on this earth.Time after time S2 has in my opinion gone over board in explaining things.I too have a large investment in MRVL,but I have decided to hold. I LISTEN TO THE CONFERENCE CALLS of many companies.I suspect many you don't,and if you hear the questions ask yourself how long have they been doing this.In most case's the turn over rate in the finacial market is huge.Most don't cut it period. I payed for many different opinions over the years and most have no clue.You have to trade what you see and not what you feel.Patterns and candlesticks are only tools for the trader.IF every candle stick and pattern worked all the time this game would be to easy.I will tell for what its worth and this is from tracking thousands of stocks over years.I always found it interesting when a stock is above its 5ema and cross's above the 20sma how often positive news follows.This is followed by a breakout above the 50sma.Bottom line if you have an investment in MRVL great.If you do and your down you could always sell and move on.Bottom line lets not waste S2 time with ever complaint.Like they say if you can't stand the heat get out of the kitchen.
This mayRIMM announces that informal SEC inquiry has been converted to formal investigation have more to do with RIMMS action in after hours
The higher MRVL climbs before they state anything the better.IF all positive could see a 2.00 gap up,question would gap have to be filled.
FYI
MRVL Marvell: Bad news priced in with pullback; favorable risk-reward at current levels- Amtech (16.58 )
Amtech notes recently, MRVL shares have pulled back due to renewed concerns surrounding its options investigation and speculation that the co will miss its April quarter guidance. The firm says from a business standpoint, their analysis indicates that its April quarter is tracking to its forecast of $640-650 mln. Similar to peer BRCM, the firm says an overlooked fundamental change at MRVL is its much improved inventory situation which started to correct itself in the Oct 2006 quarter. Firm says they are buyers of MRVL at these levels and find the risk-reward favorable.
Just keep reading your last post until it sinks in,you may get it you may not.
Rambos this board is for people interested in MRVL.Since your so negative on the stock,hit the road.The amount of wasted time S2 has to reply to you,I would rather he put his efforts and time else were for the benefit of all.
as expected FYI08:32 MRVL Marvell receives additional notice from Nasdaq (16.81 )
Co announces it has received a notice from the Nasdaq Stock Market on Mar 30, 2007 stating that the co is not in compliance with Nasdaq's Marketplace Rule 4310(c) (14) because the co has not timely filed its Annual Report on Form 10-K for the fiscal year ended Jan 27, 2007. As previously disclosed, a special committee of the co's Board of Directors is conducting an internal review relating to the co's historical stock option practices and related accounting matters. Marvell had a hearing before a NASDAQ Listing Qualifications Panel regarding the continued listing of its shares on the Nasdaq Stock Market, and has appealed the decision of that Panel to the Nasdaq Listing and Hearing Review Council, which stayed the Panel's decision pending further action.
cbs13 if i may try looking at using 5ema 20sma 50sma 200sma.This is what i use for day trading.Compare against using 8ma and you'll see how tight it is.Plus the use of the MACD.Compare MRVL for last 3 months with charts side by side,let me know what you think.
OK people who's right Dan Fitzpatrick or Jim Cramer who just last night stated MRVL was a buy.All Dan did was point out a support level.All Jim did was suggest a buy with his other 100 or so weekly picks,has to be right on some.Or should we have bought CROX when he pushed it at the top 57 now 48 .Would i use either no.I'm up 28% for the year 07 even with being down $16000 on MRVL. Is MRVL up for sale,believe me that rumor has come and gone,otherwise it would be in the price.Does MRVL need to have a fire sale no way.Semi's in general are down,thats it.
I don't believe this move down for MRVL has anything to with a re statement of earning.We all know where this stock is going,and if we know so do the big guns.Look at BRCMo same move down tic for tic since feb 26 th.If they can get the weak hands out the more available to them.Who knows the games they play.IS IT POSSIBLE they requested the delay.Once stated don't you think MRVL could move the sox to a breakout.Or do you believe the b.s upgrades/downgrades.As Day Trader you learn that daily upgrades are just that for the day.Its the charts that you have to count on.I'm persoanlly going to buy additional 3000 shares on top of the 5000 i own,which happenes to be my only held stock.I'm down 16000 to date so i feel the pain also.Just don't give up because they want your stock.
From Briefing.com
fyi14:51 MRVL Marvell files to delay their 10K (16.79 -0.30)
Inside today's NT 10-K co discloses "As previously announced by Marvell Technology Group, a special committee of the co's Board of Directors is conducting an independent internal review relating to the co's historical stock option practices and related accounting matters. Because the internal review process is ongoing, the Company is unable to file its Annual Report on Form 10-K for the fiscal year ended January 27, 2007 by the prescribed due date for such report.."
FYI.09:01 MRVL Marvell says selected for AMD 'better by design' program (17.67 )
Co announces it has been selected to be part of the Better by Design program. Driven by AMD (AMD) and other leading technology partners, the program demonstrates Marvell's ongoing commitment to improving the wireless PC experience. The Better by Design program is a program dedicated to providing OEMs with a suite of technologies for their Microsoft Windows Vista-based desktop and notebook PCs. Featured Marvell wireless solutions include the Marvell TopDog WLAN technology, delivering next-generation 802.11n(1) Wi-Fi capabilities.
Tax help for 2007 and beyond.I thought this site may be of help to some of you out there.http://www.edaytradertax.com/index.htm
S2 maybe you should email the chart to the analysts.
Apple: Busting into an Apple TV- Appleinsider.com (93.96 )
AppleInsider.com is reporting the first Apple TV dissection photos have hit the Web, clearly revealing some of the device's internal component suppliers and design wins. The guys over at TechRestore where quick to the punch on this one, not hesitating to pry the cover from their Apple TV's chassis. From their photos, both the 1.0GHz Intel (INTC) Pentium M-based "Crofton" central processing unit and NVIDIA (NVDA) G72M graphics chip are visible... Also visible from the photos is a Silicon Image (SIMG) IC and Broadcom (BRCM) chip affixed to Apple TV's 802.11n-enabled wireless card.
IFX Chipper tone: Infineon's upbeat ring - WSJ (15.01 )
The Wall Street Journal reports investors are buzzing over industry speculation that Infineon (IFX) will supply the main chip to drive the iPhone from Apple (AAPL). "We believe Infineon is the dominant supplier of the [electronic brains] for the iPhone," says Jagdish Rebello, an analyst at iSuppli Corp., a research firm that dissects electronics to determine their parts and suppliers. Proponents of Infineon take the long view: By the end of 2007, the co will have cashed out big from its majority stake in its old memory-chip business and completed the turnaround of a money-losing cellphone technology division, which had been a drag on earnings. Now is a good time to buy, they say. Infineon has new contracts in the pipeline, including a deal with Nokia (NOK), and "it's trading at a deep discount" to its peers, says Robert Turner, chief investment officer at Turner Investment Partners. According to a measure used by technology analysts to compare firms across the same industry, Infineon looks cheap. Its EV is 0.9 times its 2006 revenue of $8.4 bln, according to Capital IQ. Rivals Texas Instruments (TXN) and Intel (INTC) trade at 3.1 and 2.9 times, respectively.
maybe will get a upgrade before the market opens fom USB. lol
If MRVL is a LBO than is RMBS.Check its chart you could over lay the two.I believe this is a slow rotation into semi's and they are trying to shake out as many hands as possible.Interseting on Friday on FAST MONEY CNBC the lead off subject was semi's and now was the time to buy,there picks if interested,KLAC,BRCM.I looked at a lot of semi charts and it seems to me a number may be close to breaking out of resistance areas,but who either way it should help MRVL MOVE UP.Some of my picks Mxim,ADI,ATHR,FORM,FORM,XLNX,ATMI,ONNN,ALTR,SNDK
for everyonBetween a Rock and a Hard Place:
The SPY is stuck b/w a rock and hard place right now. A bounce from Monday's closing low at the 38% retrcacement from the June 2005 low is still in effect, but after Tuesday's "trend day up", Wednesday's price action left us with a reversal bar closing below Tuesday's close of 139.70. We have 2 Higher Lows in a downtrend which sets up for Short Entries below Wednesday's low. As I've pointed out the last few sessions, if the selling gets out of control again, the 200-day ema/sma (136.63/134.73) zone will come into play along with the 50% retracement (134.29) off the June 2005 low.
I looked back on the charts a few years to see how the market behaves after an aggressive +6% drop. I found 2 very interesting scenarios that I think have a high probability of playing out. Both of which are near-term Bullish suggesting we see a move higher over the next few sessions, perhaps back to the 50% retracement or 50-day ma's on the SPY.
The first is last May's (2005) sell-off, which was +6% in 13 days. A 2-day bounce with Higher Lows was in effect, setting up Shorts below the 2nd low, which only played out for 1 day (Blue Arrow) before pushing higher into its 50-62% retracement/50-day ma resistance zone. From there, the market rolled over and took out previous lows.
A second scenario occurred in March of 2004. The SPY dropped +6% in 13 days once again (see a pattern here?) and staged a 2-day bounce with Higher Lows. This time note the uncanny resemblance to the current market's bounce (1st day gaps higher and trends up to close above the low bar high. 2nd day opens flat, probes the 1st day's high before closing back below the previous close). In this case, however, the market Opened Higher the next day and proceeded to retrace most of its lost ground the next few sessions.
So what do we make of all this? From a un-official "eyeballing" (I did not do a comprehensive study of this), I would conclude that the current market bounce off Monday's low remains in effect until proven otherwise. I think the Broker (XBD) action off their 200-day ma zones are key in coming sessions and favor the upside in the near-term, especially as LEH, GS, and BSC are reporting earnings next week. Speaking of which, next Friday is Expiration, so I wouldn't be surprised to see prices rise and scare off those that have been Buying Puts during this sell-off. One common thread however, is that after we get a multi-day bounce, the market still presents itself as a Shorting opportunity at appropriate resistance zones.
No set-ups tonight as this market needs to be assessed day to day. I still favor Long
e who may be interested
for everyone who may be interested
S2 are you having a off day ,you refering to a analyst,ha ha
MRVL Marvell: Q4 results clear up uncertainity; inventory problem has subsided - BWS Financial (19.83 )
Boutique firm BWS Financial says that the release of Q4 results by MRVL seemed to have cleared some of the uncertainty with owning the stock. Looking out to 2007 the co is reaffirming firm's comments that the inventory problem has subsided with fiscal first quarter of 2008 boding well for the co. Firm also believes that Sigma Designs (SIGM) would make sense for a co like MRVL to purchase. Firm is not saying it would happen, but would go out on the limb and say if MRVL starts talking about IPTV then SIGM could be the route MRVL goes. Firm says now that the inventory problems in the hard disk industry have died down they would expect to see rev growth improve from this business segment in 2007. The demand for hard disks has not slowed down and with the incorporation of video on to the home network they would expect the demand for storage to grow through calendar 2008. Firm raises their tgt to $25.
08:43 MRVL Marvell upgraded to Buy at Pacific Growth (19.83 ) -Update- *****
Pacific Growth upgrades MRVL to Buy from Neutral saying their checks indicate that MRVL is aggressively moving Intel's Apps processor foundry business to TSMC. The firm believes the hard drive business is looking up going into the April Qtr. The firm believes the customers are coming back.
07:40 Prudential says data points suggest challenging Q1 for device makers; remains Underweight on INTC, AMD and MRVL *****
Prudential remains concerned that component vendors may need to further lower estimates. The firm says the data from HPQ and their Taiwan checks suggest a challenging environment for vendors in the PC supply chain during CQ1. They remain Underweight Intel (INTC), AMD and Marvell (MRVL).
07:22 MRVL Marvell: 4Q07 earnings preview - FBR (19.83 ) *****
Friedman Billings is trimming their ests on MRVL head of its FY 4Q07 (Jan) earnings release next week. While the storage market appears to have stabilized, firm does not expect a "snap-back" in rev in the April quarter. This, coupled with seasonal slowness in remaining sectors, has compelled them to trim ests. In addition, firm continues to believe that consensus ests remain too high, as they do not fully reflect the additional expenses associated with recent acquisitions. Net, with Street ests likely to come down, the stock trading at a premium to the group (at 25x their FY09 est), the options investigation continuing, and no anticipated near-term catalysts on the horizon, firm remains neutral on the stock.
holding 5000 shares for long term average cost 20.04.may take profit at 23/24 and rebuy on pullback,its a wait and see.I'm a day trader up over 18,000 for year,considering i've had two kidney operatations this year doing ok.I trade strictly on earning reports,never hold over night
Amtech repeats their view that Marvell (MRVL 19.81) is near a fundamental bottom. Firm notes that MRVL is due to report its January quarter February 26, 2007, after the close. They find the risk-reward on MRVL shares attractive as they believe inventory levels are improving, reversing a three-quarter trend and helping to facilitate a rebound in its fundamentals. The firm believes declining inventory, decent guidance, and pending restatements will serve as positive catalysts for the stock. They see upside to $23 based on a 25x multiple.
11:33 MRVL Marvell: Amtech believes MRVL has reached a fundamental bottom, would be aggressive buyers of the stock (19.59 +0.24) -Update-
Amtech notes that they would be agressive buyers of MRVL, which reports February 26th. Firm notes that they checked with their analyst and contacts, and they're incrementally positive. Similar to BRCM, they believe MRVL has reached a fundamental bottom. The firm sees inventory levels improving after several quarters of growing. They see the January quarter as in-line to better than consensus. Firm says they're seeing some big money buying MRVL -- they think this makes sense as has lagged BRCM & likely plays catch up. With storage, networking & WiFi all improving with lower inventories.... Firm also says that CSCO's outlook is bullish next 2 quarters, which bodes very well for MRVL. They believe it continues to work higher into the low to mid - $20s and would be opportunistic on any weakness.
14:27 BRCM Broadcom: Estimates cut and target raised at JMP, ahead of qtr (33.79 +1.79)
JMP expects BRCM to report weak Q4 results with revs expected to be down 1% q/q. Firm says that due to the ongoing industry inventory correction and the weakness and pricing pressure in wireless and a muted recovery in broadband and enterprise networking, they are slightly lowering their Q4 rev and GAAP EPS ests to $908 mln and $0.15 from $915 mln and $0.17. For FY07, they are lowering their rev and GAAP EPS ests to $3,871 mln and $0.73 from $3,980 mln and $0.76. They expect BRCM to guide toward sequential rev decline of 0-5% due to ongoing weakness in wireless and a moderate growth outlook for enterprise networking and broadband. Their channel checks with broadband DSL and cable equipment customers indicate slowing demand and excess inventory levels in Europe and Asia. The firm raises their tgt to $25 from $20
MRVL Marvell: Next generation Video iPod will be incremental negative for Marvell - Prudential (18.46 )
Prudential says their checks indicate that Apple's (AAPL) next generation Video iPod may be based on NAND flash technology instead of hard disk drives, which are currently being used as the Video iPod's storage medium. They expect this version of the Video iPod to be released in late 2007. The firm thinks that this will be an incremental negative for MRVL in 2008, who they believe is the major supplier of SoC's into the Video iPod through its relationship with Toshiba. They believe that Toshiba is the primary supplier of 1.8" HDDs into the Video iPod, and that Marvell has 100% of the SoCs into the Toshiba 1.8" drive. Firm estimates that in 2007 the Video iPod will generate $40-$60 mln in revenues for Marvell. The believe that Apple could source NAND flash from a number of different suppliers, including Samsung, Hynix, Toshiba, Intel (INTC) and Micron (MU). They would expect Apple to divide that amongst several suppliers, however, assuming that the I.M. (Intel/Micron) NAND flash joint venture won 100% of that business, they estimate that would translate to an additional $0.02 per share for Intel in 2008.
:30 MRVL Marvell: Reports from WDC and STX provide confidence that the inventory problem of last quarter should be behind MRVL - BWS Financial (18.95 )
Boutique firm BWS Financial notes WDC reported fiscal second quarter results that were better than expected and reaffirmed strength in demand for hard disks. WDC shipped 18.1 mln units during the quarter and stated that 58% of revs were generated from desktop PCs. Firm says WDC is one of the largest customers at MRVL. Firm believes there has been some concern over earnings strength at MRVL after the co warned of an inventory problem in the hard disk industry in fiscal third quarter. The comments have prevented MRVL shares in moving higher during the fiscal fourth quarter that ends on Jan 31. The reports from WDC and STX provide confidence that the inventory problem of last quarter should be behind the co and that fiscal fourth quarter numbers are likely to be above the current consensus of $520 million in revenues.
Marvell: WDC report could be positive for MRVL - BWS Financial (19.35 )
Boutique firm BWS Financial notes shares of MRVL rebounded yesterday after the strong quarterly numbers at Seagate Technology (STX). Today after the close Western Digital (WDC) is scheduled to report earnings results, which could result in MRVL shares moving up another 10% after the news. WDC is one of the biggest customers at MRVL and firm expects WDC to reiterate the strong business trend in the hard disk industry. There have been concerns over how well earnings could grow in fiscal fourth quarter at MRVL with a slow down in the hard disk industry, but so far there seems to have been no slow down. Inventory has been digested well by the market resulting in more units being sold. For MRVL shares to move higher WDC does not necessarily have to beat consensus ests, instead WDC would need to show that inventory is turning.
Marvell: WDC report could be positive for MRVL - BWS Financial (19.35 )
Boutique firm BWS Financial notes shares of MRVL rebounded yesterday after the strong quarterly numbers at Seagate Technology (STX). Today after the close Western Digital (WDC) is scheduled to report earnings results, which could result in MRVL shares moving up another 10% after the news. WDC is one of the biggest customers at MRVL and firm expects WDC to reiterate the strong business trend in the hard disk industry. There have been concerns over how well earnings could grow in fiscal fourth quarter at MRVL with a slow down in the hard disk industry, but so far there seems to have been no slow down. Inventory has been digested well by the market resulting in more units being sold. For MRVL shares to move higher WDC does not necessarily have to beat consensus ests, instead WDC would need to show that inventory is turning.