It was just another day of debunking myths for Marvell Technology (NASDAQ:MRVL). The chipmaker saw second-quarter earnings more than double to $0.25 a share; revenues rose by 31% to hit $390.5 million.
Why is Marvell debunking myths? Well, one expects semiconductor stocks to be cyclical swingers. It's feast or famine for chipmakers. However, Marvell's consistency has been impressive. It has grown revenues sequentially for 31 consecutive quarters. Yes, sequentially. The company's spurt has been that consistent.
If you don't know Marvell by name, you probably know it by association. That Sony (NYSE:SNE) PSP or Apple (NASDAQ:AAPL) iPod in your pocket? Your DVR from Motley Fool Stock Advisor pick TiVo (NASDAQ:TIVO), or Microsoft's (NASDAQ:MSFT) upcoming Xbox 360 video game console? Crack them all open. You'll see Marvell at work inside. (Just don't blame me if you can't put them back together again.)
Consumer gadgetry has played a major role in Marvell's consistent fiscal popularity. With its handiwork in affordable leisure products, Marvell's a great way to play off the success of many of these products. Piqued interest among consumers only drums up more demand for Marvell's chips. The company is also cash-rich, packing nearly $3 a share in greenbacks on its balance sheet.
This is the kind of stock that we tend to seek out in our Motley Fool Rule Breakers newsletter service. There, we look for promising growth companies that are disrupting conventional theories. Did the stock make the cut in the latest issue that was just released? No. That doesn't mean growth investors shouldn't start noticing, though. The best way to 32 consecutive quarters of sequential revenue growth is 31 consecutive quarters of sequential revenue growth.
Marvell has that -- and many more things -- going for it.
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Longtime Fool contributor Rick Munarriz thinks it's great for Marvell that the new Xbox will be priced for as little as $299, given all the power that it's packing. He does not own shares in any of the companies in this story. The Fool has a disclosure policy. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
