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sungolfer

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sungolfer

Re: None

Monday, 07/30/2007 8:35:14 AM

Monday, July 30, 2007 8:35:14 AM

Post# of 22167
08:28 MRVL Marvell: Poised for better growth as end markets improve - Needham (18.58 )

Needham says their Buy rating on MRVL is based on their belief that its end markets (especially Storage) are likely to improve in C2H07 and that MRVL has a number of new drivers (XScale, Apple iPhone, Printer ASIC, etc.) to support better growth in CY2008 and beyond. With the overhang of stock-option review and outstanding filings behind the co, they believe MRVL can be more focused on growing these new opportunities. Therefore, they believe investors should start accumulating a position before resumption of growth become more apparent.
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