Marvell Technology Inc (MRVL)

[bbqporkwings]

ftc, Oh I agree that MRVL makes some great stuff and a few will sell. It's not only MRVL chips that are going to be sitting on the shelves and inventory backed up as no orders to deplete it arrive. Everybody is going to slow to a point that their ERs will look like it hit a brick wall. If you thought sub-prime was a mess take note that all the talk at IndyMac was about Alt-A. Alt-A is just starting and Option ARM follows. Paulson and $Ben are laying the groundwork and jawboning to try and keep it a float. $Ben asked for more oversight. Paulson says that we have to let things fail. It's coming. The only thing behind us is BSC. Freddie and Fannie could take much more than 1000 points off the DOW. MBIA and Ambac are in the same boat and will impact everybody. Could be another 1000. C has to sell ½ their assets and are afraid to cut dividends because of the mass exodus that would follow and they aren't the only ones. Some are borrowing to pay dividends and there's starting to not be any money to borrow. MRVL needs to get their loan paid off, but also needs money for salaries and TSMC purchases. The wheels are falling off and your looking at growth. I wish it was a bull market, but we may be setting new lows till 2012. Companies need banks for operations and when they go to Mother Hubbard FSB they're going to be disappointed. Hasn't every bull market been led by financials? Or they've been right there behind the leaders. Do you see that happening? Think about it.

It's not all across the country. Some spots are very bad. Georgia has about 48 banks on it's watch list to fail. They may come in waves, soon.
http://www.ajc.com/business/content/business/stories/2008/06/28/bank_real_estate.html
Stronger banks will have to eat weaker banks as they implode. Does BAC's diet of CFC make it any stronger? How long can they eat trash and stay healthy? Not saying that BAC is healthy in the first place. That meal probably had more to do with interconnection and default than love. It'll get worst and we'll have another bear rally. I think we could have one real soon. All the noise is big scary headlines, and you know who controls the media.



They need to take Freddie's Fannie into conservatorship liquidate assets and abolish government sponsorship of owning a home that you can not afford, undermining renting. Life within means, not thy neighbors. MBI, ABK, FRE, FNM could take us to DOW 9K unless they can convince via jawboning. Can they do anything else? Where do you think MRVL will be?

"These ridiculous statements about Fannie being "well capitalized" smack of the same nonsense we heard with round after round of never-ending capital raising efforts at many financials. Does anyone remember these assertions?

* Citigroup (C) is well capitalized.
* Lehman (LEH) is well capitalized.
* Merrill Lynch (MER) is well capitalized.
* Ambac (ABK) is well capitalized.
* MBIA (MBI) is well capitalized.
* Bear Stearns (BSC) is well capitalized.

Now we are hearing that Fannie Mae and Freddie Mac are well capitalized. Everyone knows it's a lie. So why say it? The answer is obvious: to attempt to placate the markets. Lies, however, can never accomplish that."

Mike "Mish" Shedlock

Or will they just put it on your tab at the IRS? Socialized risky investing for the rich?

Welcome to the great US Banana Republic.

GW Bonaparte fishin' with dad in New Orleans.