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Friday, June 29, 2007 11:38:06 PM
http://www.eetimes.com/news/semi/showArticle.jhtml?articleID=10804858
However, I give Laker and Intel a benefit of the doubt (over Samsung). Until I see the Samsung print then I believe.
Regardless, MRVL at least will get benefit and exposure by TopDog. Check out this WS article.
http://online.wsj.com/article/SB118317062799053855.html?mod=yahoo_hs&ru=yahoo
Options Focus on Marvell,
A Rumored iPhone Supplier
By MOHAMMED HADI
June 30, 2007; Page B4
It isn't the iPhone itself but what is inside it that matters.
At least that is what some in the options market seemed to be saying Friday as they snapped up puts and calls on Marvell Technology Group, one company that is rumored to be a component supplier to Apple for the mobile device.
If the firm is supplying certain chips for the iPhone, that could translate into as much as a 7% increase in Marvell's sales in 2008, one analyst estimated.
More than 126,000 call options and about 29,500 put options on Marvell changed hands Friday compared with an average daily volume for the rest of June of just more than 24,000 calls and about 5,100 puts.
With the stock rising $1, or 5.8%, to $18.21, among the most heavily traded were contracts that convey the right to pay $25 for the shares between now and late November. More than 20,500 of these calls changed hands and they doubled in price Friday to 21 cents.
Though it isn't the only company rumored to be a part of the iPhone, Marvell is the only one on which option trading was heavy. Other firms speculated as iPhone suppliers are Broadcom and South Korea's Samsung Electronics Co. Representatives for all three didn't comment.
Meanwhile, option traders positioned themselves for continuing gains in shares of Commerce Bancorp, after the Cherry Hill, N.J., bank said Chairman and Chief Executive Vernon Hill II will retire, and it reached agreements with regulators investigating transactions the bank had with insiders.
Analysts said the news could open the door for Commerce to be sold, and though traders agreed, they also indicated that they don't expect a deal imminently. Much of the trading was in contracts that expire in September. Trading was heavy but "it doesn't have that rampant speculative feel to it," said Steve Sosnick, equity risk manager at the Timber Hill market-making unit of Interactive Brokers Group.
Recent MRVL News
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- Marvell Expands Connectivity Portfolio With New PCIe Retimer Product Line to Scale Compute Fabrics of Accelerated Infrastructure • PR Newswire (US) • 05/30/2024 01:00:00 PM
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- Marvell Appoints Rick Wallace and Daniel Durn to its Board of Directors • PR Newswire (US) • 04/29/2024 01:00:00 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 09:07:37 PM
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