Marvell Technology Group
First-quarter sales of $856 million was a staggering 64% increase year over year, and last year's $0.18 of net losses per share turned into $0.30 of GAAP earnings per share. CEO Sehat Sutardja claimed victories in the mobile and wireless markets as his primary growth drivers, with more product launches into this field expected to pump up results in the second half of 2010.
When Marvell sent a $600 million check to Intel
Don't cry for Intel, which is doing very well elsewhere and still might make a dent on the mobile chip market with a design all its own. But Marvell clearly got the better end of that deal and will continue to ride it to bigger and better places. When Armada-powered tablets and smartphones start hitting stores over the next few months, I think this quarter's success will look like the slums of Beverly Hills by comparison.
My "outperform" rating on Marvell over on CAPS is contributing very effectively to the defense of my all-star status. Marvell can help your CAPS score too in just a few clicks. You can thank me in 2011.
Fool contributor Anders Bylund owns shares in AMD, but he holds no other position in any of the companies discussed here. Intel is a Motley Fool Inside Value selection. The Fool has created a covered strangle position on Intel. Motley Fool Options has recommended a buy calls position on Intel. Try any of our Foolish newsletters today, free for 30 days. You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.