Marvell Technology Inc (MRVL)

[Lakers_w]

S&P Equity Research Raises Semiconductor Sub-Industry to Positive From Neutral

2:32 PM EDT July 23, 2007
S&P analyst, C. Montevirgen, says, "We think the inventory glut that has plagued recent results is generally behind us, and with our view of healthy end-market demand, we are raising our fundamental outlook for the semiconductor sub-industry heading into the seasonally stronger second half. We have a strong buy recommendation on INTC, and buy opinions on several other chipmakers, including Texas Instruments (NYSE: TXN), Microchip Technology (Nasdaq: MCHP), Spansion (Nasdaq: SPSN), Integrated Device Technology (Nasdaq: IDTI), and ON Semiconductor (Nasdaq: ONNN)."