Marvell Reports Revenue Increase of 35%
Marvell Technology Group Ltd. (NASDAQ: MRVL), an integrated circuit company focused on the
broadband and data storage markets, reported record revenues of $364.8 million for its first fiscal quarter of 2006, ended
April 30, 2005. This represented a 35 percent gain over the same quarter a year ago, and a 7 percent sequential gain over
its fourth quarter of its fiscal 2005 year.
Among the major events in the quarter, Marvell noted, was the
introduction of its 88W8385, a 802.11 a/b/g WLAN processor chip intended for use in a variety of phones: digital cordless
phones, VoIP phones and video phones. The introduction of the chip was also complemented with an agreement between Marvell
and Freescale Semiconductor, Inc. The two companies have made plans to offer joint WLAN solutions for a variety of consumer
electronic devices.
