Marvell Technology Inc (MRVL)

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09:30 MRVL Marvell removed from Focus List at Amtech (11.12 )

Amtech removes MRVL from the focus list saying they expected both MRVL's and RIMM's quarters to be positive catalysts for the stock. Unfortunately, while their inputs were correct (both companies had solid quarters and strong outlooks), MRVL shares did not respond as they anticipated. With the catalysts now behind, they feel it is time to take MRVL off the AmTech focus list. The firm continues to believe that XScale will remain a strong revenue driver with its leading technology and key design wins, but the key challenge remains monetizing this revenue stream into a profit driver.