Marvell Technology Group
Three months ago, Marvell was hot. The company seemed to be setting itself apart from Broadcom
The fourth-quarter report is in, and Marvell is singing a very different tune now. Neither the press release nor the analyst call so much as mentioned "mobile processors" or the ARM Holdings
Largest mobile customer Research In Motion
All told, Marvell earned $0.40 per share on sales of $901 million, below analyst expectations of $0.42 per share and $925 million. The results were at the absolute bottom end of management guidance from three months ago, and $224 million of free cash flow was about 10% below plan.
Everything did not go according to plan for Marvell this quarter. Compare and contrast with how good Broadcom looked in its report a month ago, and I'd understand if you disagreed with my thumbs-up CAPS rating on the stock.
Interested in more info on Marvell? Add the stock to your watchlist by clicking here.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. The Fool owns shares of Marvell Technology Group and Texas Instruments. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.