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AKvetch

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AKvetch

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Re: Zeev Hed post# 34531

Friday, 10/11/2002 12:18:25 PM

Friday, October 11, 2002 12:18:25 PM

Post# of 704019
MRVL. [Briefing.com] October 11, 2002 10:59:00 AM ET

Marvell defended by Wachovia (MRVL) 13.50 -2.33: Stock has sold off this morning after the co announced they would sell their own "Yukon" Gigabit Ethernet controller as a result of amending their product development agreement with INTC; Wachovia says this confirms their view that INTC is coming to market with its own G.E. controller product sooner rather than later, but that INTC does not have a competitive G.E. controller today; expects MRVL to partner with other high-volume players in the mkt, and to see improving gross margins as a result of an "all MRVL" G.E. controller.


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