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Now hear this: Hearing aids going Bluetooth wireless
http://www.eetimes.com/showArticle.jhtml;jsessionid=SZKVI3R1SJSUUQSNDLRCKHSCJUNN2JVN?articleID=19910...
New blue lasers promise PS3 price drop
http://www.electronista.com/articles/07/04/30/blue.laser.ps3.drop/
This is good for MRVL Wifi.
Video scaling: no mean feat
http://www.eetimes.com/showArticle.jhtml;jsessionid=PFXNNWKUH2NYUQSNDLRCKHSCJUNN2JVN?articleID=19900....
DSP market to see 'moderate' growth in '07
http://www.eetimes.com/showArticle.jhtml;jsessionid=PFXNNWKUH2NYUQSNDLRCKHSCJUNN2JVN?articleID=19920....
Marvell chip supports Bluetooth, FM
Marvell said the 88W8689 is currently sampling with tier-one customers and is expected to be in production in the second half of this year.
http://www.eetimes.com/showArticle.jhtml;jsessionid=PFXNNWKUH2NYUQSNDLRCKHSCJUNN2JVN?articleID=19900...
HTC's Universal smart phone used 520-MHz Xscale
Line blurs between phones, PCs
http://www.eetimes.com/showArticle.jhtml;jsessionid=PFXNNWKUH2NYUQSNDLRCKHSCJUNN2JVN?articleID=19920...
4KB block Standard boosts disk drive performance
http://eetimes.com/news/latest/showArticle.jhtml;jsessionid=OUVPAKGDHS4XMQSNDLSCKHA?articleID=199202...
Inside Microsoft's 120GB HDD Xbox 360 Elite
http://eetimes.com/news/latest/showArticle.jhtml;jsessionid=OUVPAKGDHS4XMQSNDLSCKHA?articleID=199202...
ARM COO: iPhone uses a minimum of 4 ARM-based processors
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_M/thre...
Why is Apple Restricting Third-Party iPhone Apps?
http://ce.seekingalpha.com/article/32930
Apple iPhone: ARMed And Dangerous; PXA320 detail
http://www.dailytech.com/article.aspx?newsid=6014
Apple's iPhone will contain no less than three ARM chips
Earlier this year during MacWorld 2007, Steve Jobs introduced the world to Apple's iPhone. The phone, which is available in 4GB and 8GB varieties, set many hearts ablaze with its sleek, touch screen interface and music/widescreen movie playback capabilities.
Today, we have word that the Apple iPhone contains no less than three ARM processors under its touch screen display. Warren East, president and CEO of ARM Holding, wouldn't comment on exactly how many and what type would be used, but noted that "ARM is in 90 percent of the world's [mobile phone] handsets; we're in WiFi, baseband processors and applications processors and most of the world's MP3 players. So it's at least three."
Word on the street, however, is that the iPhone's main processor will be the Marvell PXA320 which was developed by Intel as a part of the XScale processor family. Marvell purchased Intel's XScale division for $600 million USD in June of 2006.
The Marvell PXA320 is available in speeds up to 806MHz (256KB L2 cache); however, there have been samples of the chips demonstrated at 1.2GHz. The processor features Intel SpeedStep and MusicMax technology for comprehensive power management. Also supported is a Wireless MMX 2 2D accelerator with a 768KB frame buffer and support for up to 5MP digital cameras.
The iPhone has enjoyed a lot of press over the past few weeks. The device also sent Cisco into a fiery rage over the use of the name iPhone. Cisco wasted no time in filing a suit against Apple claiming that it already had rights to the iPhone trademark and that it was already shipping products using the iPhone trademark.
The rhetoric on both sides has died down a bit in recent weeks and the two companies "have agreed to extend the time for Apple to respond to the lawsuit to allow for discussions with the aim of reaching agreement on trademark rights and interoperability."
In addition, we've learned all about Verizon's decision to pass on the iPhone, that Rogers Wireless would be the sole carrier for the iPhone in Canada and that LG's KE850 PRADA will be deemed a clone by many even though it was displayed first.
Apple Reaffirms Late June 256KB L2 cache 806MHz PXA320 iPhone Ship Date
http://www.dailytech.com/article.aspx?newsid=7076
Apple's $499/$599 iPhone still on track for late June
Apple's iPhone has been surrounded in a thick cloud of hype ever since it was announced in early January. The phone was announced at MacWorld 2007 in January, but it was all the talk at the Consumer Electronics Show in Las Vegas which was being held at the same time.
From the beginning, Apple said that the iPhone would ship in June of this year and would be a Cingular Wireless (AT&T Wireless) exclusive phone. Late last month, an unofficial launch date of June 11 was reported by CNET. The launch would coincide with Apple's Worldwide Developers Conference in San Francisco which is slated to run from June 11 through June 15.
Things took an even more interesting turn when Apple announced that it would delay the launch of its OS X 10.5 Leopard operating from June until October. At the time, the iPhone was blamed for the delay. "iPhone contains the most sophisticated software ever shipped on a mobile device, and finishing it on time has not come without a price -- we had to borrow some key software engineering and QA resources from our Mac OS(R) X team," said Apple on April 12.
Apple noted at the time that a "late June" launch date was in sight for the iPhone. Apple CFO Peter Oppenheimer reiterated yesterday that the iPhone will indeed ship in late June. "We look forward to shipping the iPhone in late June and are very excited," said Oppenheimer.
Oppenheimer also noted that the company's impressive gross margin of 35 percent would not be sustainable going forward due to fluctuations in component prices.
Apple's iPhone will be priced at $499 for the 4GB model and $599 for the 8GB model -- both prices are with 2-year contracts. The phone doubles as a portable audio player (a la the iPod) and includes a 3.5" 320x480 display, WiFi and OS X. The exact processor used by the phone is unknown at this time, but it is likely some variant of Marvel's PXA320.
GOLDMAN SACHS COMMENTS ON MARVEL, BUY, TGT $23
What's changed 4/5/07
We met with management and reviewed investors’ concerns, including options investigation and business fundamentals. (1) We believe the options investigation is progressing with auditor and accountant report basically completed, but pending independent committee’s report and the board’s decision. We do not have an edge on the timing of completion or conclusions, but are hopeful the investigation will be completed over the next few weeks and management will be intact. (2) We believe 1QFY (Apr) is tracking to $640-650mn (+2.9% to +4.5% qoq) guidance, which we believe assumed some conservativism given Marvell’s recent challenges and mixed end market trends; we are comfortable with our $643.5mn (+3.5% qoq)/EPS (operating) -$0.03 (including ESOs), $0.07 (excluding ESOs), vs street’s $647.1mn (+4.0% qoq)/EPS $0.09 (excluding ESOs).
Implications
We rate Marvell at Buy as we expect several positive drivers to ramp in the coming quarters, which will help re-establish positive earnings and investor momentum. MRVL is -12% YTD vs our semis coverage median of +4%. We expect near-term trading will remain choppy given tepid fundamentals, uncertainty on the options investigation, and limited visibility into cost improvement of the acquired business. Hence, we believe investors should build long-term positions with tight stop-loss or half positions now with full positions filled as overhangs such as cyclical choppiness and options investigation are resolved.
Valuation
Our $23 12-month price target assumes $0.45 normalized EPS and 1.5x target PEG as we expect Marvell will maintain outsized growth.
Key risks
Primary risks to our view on Marvell are execution on recent acquisitions, market trends and ability to gain share in target markets, and uncertainty related to the ongoing options investigation and on-going listing.
The single chip Bluetooth+FM stereo, single chip Bluetooth+11g win at NOK is for cell phone SKUs. Volume is huge. BRCM won some other SKUs for cell phone at NOK too. The rampup is 2H07. MRVL should have great 2H07. Time to BUY as bottom already happened last Fri.
IH has 3 article limit/day. I almost exceed mine today. It would be great if you can vouch for me so that the limit is lifted (15/day is the next limit for new members). Thanks !
$3/4 B = $750 MM
INTC could have sold Xscale to BRCM but it decided to sell to MRVL as it had better partnership w/ MRVL. It's the same as trading a good player to a non-conf team. MRVL was able to lower Xscale mfg cost significantly thereby making GM higher than Intel could have. It was a gift to MRVL as it paid 1X rev for Xscale which serves as baseband (9xx) and App processor (3xx).
BRCM hardly had any design win in this largest mkt thanks to its ineptitude and QCOM law suit and high royalty rate to block BRCM.
INTC needed to refocus on Pentium family when it was on the rope against INTC plus GM on Xscale is less than Pentium.
MRVL saved all the good news until after the option restatement comes out on or before E.R. When MRVL announces the E.R. date, the stock may jump to $17ish right way as the resolution is in sight. The good earning and good Q2 guidance might push the stock to $18-19. If SEC probe leaves Sehat, his wife (COO), and brother (CTO) intact, the stock will jump to $22. Stock will reach $25 on strong Q3 guidance.
This is the sequence of events I envision. If you read Cramer's book, the capitulation happened last Fri on strong volume.
Heard MRVL won multiple Skus w/ 88W8688 WLAN and Bluetooth 2.0+EDR at NOK. It will be ramped up in 2H07. BRCM also won multiple Skus w/ 11g+Bluetooth, Bluetooth+AM/FM stereo at NOK as well. They are the new Bluetooth/Wifi duopoly at NOK like ALTR/XLNX.
Furthermore, most 50 U.S. states will mandate hand-free handset for autos for safety reason. NY, CA,... did. CA will enforce it early '08. S2 would know about this.
Many countries do the same. This is an enormous mkt for Bluetooth. iPod wil have Bluetooth. Blackberry will have 11g.
IMHO, after the option probe is cleared up around E.R. time, MRVL may raise guidance for Q3. Q2 guidance should be good too due to APPL, RIMM, NOK, Palm, WDC, Fujitsu, 11n, digital TV biz. Q3 and Q4 '07 are when MRVL really hits its stride. I expect MRVL will be in the mid 20's then. MRVL upside is all about new product cycles.
Of course, LBO is possible too. With the large number of design wins, excellent cash flow, well-diversified, strong balance sheet, great engineering teams MRVL emerges as the next BRCM plus application processor, baseband biz. BRCM hardly has any design win in cell phone baseband nor appl processor biz at all.
312 MHz Xscaled-BlackBerry 8830 World Edition announced for Verizon, Sprint
http://www.engadget.com/2007/04/25/blackberry-8830-world-edition-announced-for-verizon-sprint/
This is Huge !
RIM Blackberry 8800 Review
http://www.brighthand.com/default.asp?newsID=12975
Specifications
Processor: 312 MHz Marvell XScale
Operating System: BlackBerry 4.2.1.72
Display: 2.5 inch, 320 x 240 pixel transmissive/reflective LCD
Memory: 64 MB flash memory
Size & Weight: 4.49 inches long x 2.6 inches wide x 0.55 inches thick; 4.73 ounces
Expansion: Single microSD slot
Docking: Single mini-USB port
Communication: Quad-band GSM/GPRS/EDGE; Bluetooth 2.0
Audio: 2.5mm headphone jack; speakerphone; speaker & mouthpiece for phone
Battery: 1400 mAh replaceable Lithium Ion cell
Input: 35-key thumb keyboard; trackball with press-to-select
Other: Push-to-talk functionality; SiRFstar III-LT GPS receiver
http://www.my-blackberryfromo2.com/BlackBerry_8800.asp
A powerful 312 MHz Intel® XScale® cellular processor with 64 MB flash memory, providing the ability to store and run enterprise, personal productivity and game applications
The MRVL design team behind 88DE2710 HD-DVD/Blu-ray video converter
http://www.edn.com/index.asp?layout=articlePrint&articleID=CA6412354
http://www.electronicproducts.com/ShowPage1.asp?SECTION=3130&PRIMID=47567&FileName=icjh14%2E...
10MM iPhone in 18mos: Apple scrambling to secure more NAND flash ahead of iPhone.
I would be a big buyer at $16. My ASP is $17 even before today. The tide is turning. My source said wafer start for Xscale went through the roof. Sehat was conservative in saying Xscale rev run rate is $600 by calendar Q4 07. It's more like $3/4 billion.
I expect a good Q2 guidance due to iPhone (11g, Xscale), Apple TV (Fujitsu HDD using MRVL read channel chip), Airport Extreme Basestaion (wireless router chip), HDD, GigE, wireless switch, BlackBerry RIM, 8100, 8700, 8800, Palm Treo, MOT Q, LG Prada, Samsung, Asustek (the biggest ODM in Taiwan and the world),...
http://www.appleinsider.com/articles/07/04/27/apple_scrambling_to_secure_more_nand_flash_ahead_of_ip...
GS met MRVL mgmt 2 wks ago. MRVL said internal review is done. It's being reviewed by auditing firm. GS expected MRVL to come clean in a few weeks, which could be before or on earning release as MRVL needs to comply with Nas. and has a real earning. SEC has been involved since Oct '06 informally. Any wrong doing, the CFO will be gone first like BRCM, APPL. In these cases, the founder/CEO survives (Samueli, Steve) as the boards supported them. Let's hope this is the case.
Anyhow, we will know in a few weeks. A good indication is when MRVL announces an E.R. date.