Marvell Technology Inc (MRVL): as expected FYI08:32 MRVL Marvell recei...

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Monday, 04/02/2007 12:30:03 PM

Monday, April 02, 2007 12:30:03 PM

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.