Marvell Technology Group Ltd. (MRVL) - 500 Beiträge pro Seite

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Profile:Marvell Technology Group Ltd. (Marvell) designs, develops and markets integrated circuits utilizing proprietary communications mixed-signal and digital signal processing technology for communications-related markets. Marvell offers its customers a wide range of integrated circuit solutions using proprietary communications mixed-signal processing and digital signal processing technologies. The Company`s product groups include: storage products, consisting of a variety of read channel, system-on-chip and preamplifier products; and broadband communications products, consisting of a variety of transceiver products, switching products, internetworking products and wireless LAN products.
http://www.marvell.com/Internet/Index

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Marvell Introduces Feature-Rich Yukon Gigabit Ethernet Controller for Desktop Applications
Amends Existing Intel Agreement to Speed Market Deployment of Yukon Product
Friday October 11, 9:01 am ET


SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 11, 2002--Marvell® (Nasdaq:MRVL - News), a technology leader in the development of extreme broadband communications solutions, today introduced its Yukon(TM) Gigabit Ethernet controller, offering OEMs "future-proofed" 10/100/1000 plug-and-play PC network connections. The Marvell single-chip Yukon device integrates the Company`s market-leading Alaska® Gigabit PHY with its proven Gigabit MAC and its complete suite of software drivers. The Marvell Yukon product further extends the Company`s leadership in driving cost-effective 10/100/1000 solutions to the desktop and in offering accelerated Gigabit Ethernet deployment.
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The Yukon product is the first desktop solution in the industry to incorporate advanced cable diagnostics by incorporating Marvell`s Virtual Cable Tester(TM) (VCT) technology. VCT enables IT managers to easily identify cabling issues with pinpoint accuracy, thus significantly reducing network deployment and maintenance costs. In fact with VCT, deploying Gigabit Ethernet is now more cost-effective than deploying Fast Ethernet.

The Yukon product is optimized for 32-bit PCI clients, and is the world`s first single-chip Gigabit Ethernet PCI product in a 128-pin LQFP package. With the lowest pin count for such a device, the Yukon product minimizes board space, simplifies signal routing and reduces the number of required PCB layers, resulting in the most cost-effective motherboard and low profile NIC implementation on the market today.

The Marvell Yukon product delivers the most comprehensive suite of software device drivers, and makes the Yukon product ideal for client applications. As a result of the acquisition of SysKonnect GmbH, Marvell is the only merchant silicon provider that supplies a comprehensive suite of software device drivers for all operating system platforms, including Microsoft® Windows® 98/Me, NT, 2000, and XP, Linux, SUN® OS, IBM® AIX(TM), Novell Netware, and HP®-UX. Along with its Yukon product offering, Marvell provides a complete reference design for quick time-to-market implementations.

"After completing millions of unit shipments of Gigabit Ethernet devices, Marvell brings high-integration, high-volume economics to 10/100/1000 LOM/NIC implementations, and makes triple speed the logical choice for new desktop network connections. As a result of this cost-effective product offering, Marvell makes choosing Gigabit Ethernet an easy decision for OEMs by allowing them to standardize on a reliable, plug-and-play, triple speed client network connection," stated Ali Khan, Marvell`s NIC/LOM Product Marketing Manager for the Communications Business Group.

"The natural evolution of technology suggests that soon every PC will come standard with 10/100/1000, completing the transition of Gigabit to the desktop. With the addition of our single-chip Yukon device to our broad portfolio of Gigabit-based PHY and switch products, Marvell is now the industry leader in providing the most complete and robust Gigabit solution from the client to the switch," Khan further stated. "Our solution will enable OEMs to standardize on Gigabit Ethernet in all PCs."

In announcing its Yukon product, Marvell also announced an amendment to its product development agreement with Intel Corporation. Under this amendment, Marvell agreed to develop a new integrated device for Intel. Furthermore under the amendment, Marvell and Intel agreed to eliminate product introduction notice requirements and certain joint marketing obligations that existed in the prior agreement. This amendment permits the companies to extend their current product development efforts, while allowing Marvell to freely market and sell its Yukon device.

Availability

The Marvell Yukon desktop device and reference design are now available.

About Marvell

Marvell (Nasdaq:MRVL - News) is the leading global semiconductor provider of complete broadband communications solutions for the data communications and storage markets. The Company`s diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Galileo Technology Ltd., and SysKonnect GmbH. MSI is headquartered in Sunnyvale, Calif., and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at 408/222-2500 or at www.marvell.com.

Safe Harbor Statement of Marvell under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements based on projections and assumptions about our products and our markets. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should," and their variations identify forward-looking statements. Statements that refer to, or are based on projections, uncertain events or assumptions also identify forward-looking statements. All such statements are not guarantees of results and are subject to risks and uncertainties. Some risks and uncertainties that may adversely impact the statements in this release include, but are not limited to, the timing, cost and successful completion of development and volume production, end-customer qualification and adoption, and the timing, pricing, rescheduling, or cancellation of orders. For other factors that could cause Marvell`s results to vary from expectations, please see the sections titled "Additional Factors That May Affect Future Results" in Marvell`s annual report on Form 10-K for the year ended February 2, 2002 and Marvell`s subsequent reports on Form 10-Q. We undertake no obligation to revise or update publicly any forward-looking statements.

Note to Editors: Marvell®, the Marvell logo, Virtual Cable Tester, and Yukon are trademarks of Marvell. All other trademarks are the property of their respective owners.



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Contact:
Marvell Semiconductor, Inc.
Kathryn Gentry, 408/222-2500
Director, Corporate Communications
[e-mail]
Ali Khan, 408/222-2500
Product Marketing Manager
[e-mail]



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Source: Marvell

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10:59AM 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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1:37PM Marvell to hold conference call (MRVL) 13.17 -2.66 : -- Update -- Company will hold conference call to discuss ramifications in amendment to its product development agreement with Intel (INTC); Call to start at 2 ET Dial in: 913-981-5533

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8:10AM Marvell downgraded at Wachovia, defended by Thomas Weisel (MRVL) 13.76: Wachovia downgrades to BUY from Strong Buy due to the increased uncertainty surrounding the potential impact on MRVL`s 2003 earnings from INTC`s upcoming gigabit ethernet controller (note that firm had defended MRVL on Friday). Separately, Thomas Weisel says MRVL is oversold on the INTC news; believes sales to INTC should increase in CY03, while new gigabit ethernet and storage customers could deliver upside to current ests.

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Dow Jones Business News
Marvell Shares Continue to Take Beating Because of Amended Intel Deal
Monday October 14, 11:39 am ET

By Amy Braunschweiger


Dow Jones Newswires
NEW YORK -- Shares of Marvell Technology Group Ltd. (NasdaqNM:MRVL - News) continued to take a beating Monday following the communications-chip maker announcement of an amended product-development agreement with Intel Corp. (NasdaqNM:INTC - News) .

The new agreement eliminates exclusivity between the two companies. Now, Marvell can sell its Gigabit Ethernet products to anyone, not just Intel, and Intel doesn`t have to give Marvell 12-months notice before using products not made by Marvell.

"In the words of management ... Intel morphs from a partner to a competitor," said U.S. Bancorp Piper Jaffray analyst Ashok Kumar, who cut his rating on Marvell`s stock to "underperform" from "market perform." He also cut his fiscal 2004 estimate for the company`s earnings to 55 cents a share from 65 cents.

But losing market share to Intel is only one of Marvell`s problems, Mr. Kumar believes. He also sees continued weakness in the company`s hard disk drive, or HDD, business as well as slower-than-expected growth in its Gigabit Ethernet area.

In late-morning trading on the Nasdaq Stock Market, shares of Marvell Technology plunged $2.15, or 16%, to $11.62. Earlier, the company`s shares hit a 52-week low of $11.27, surpassing a year low of $12.68 reached Friday, when Marvell announced the amended Intel deal.










Reuters Company News
RESEARCH ALERT-Salomon cuts Marvell Tech to "underperform"
Monday October 14, 11:58 am ET


NEW YORK, Oct 14 (Reuters) - Salomon Smith Barney on Monday said it cut its rating on Marvell Technology Group Ltd. (NasdaqNM:MRVL - News), citing the company`s heavy reliance on sales of hard disk drives.
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Analyst Clark Westmont said he was concerned about Marvell`s exposure to hard disk drive sales, which make up 55 percent to 60 percent of total sales.

"We expect that the January and April quarters will prove more difficult for the company than consensus currently holds," he wrote in a research report.

Westmont cut his rating to "underperform" from "in-line," and lowered his estimates for fiscal 2003 earnings to 47 cents per share from 48 cents per share, and for fiscal 2004 to 68 cents per share from 72 cents per share. He also cut his price target to $13.60 from $25.

Westmont also noted that Marvell will soon be competing head-to-head with Intel Corp (NasdaqNM:INTC - News), which will begin to impact Marvell`s sales in the second half of 2003.

Shares of Sunnyvale, California-based Marvell were down $1.97, or about 14 percent, at $11.79 in mid-morning trading on the Nasdaq srock market.

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Fuji Xerox Selects Marvell Discovery Family of System Controllers for World`s Fastest Desktop DocuPrint C3530Color Laser Printer
Monday November 4, 8:32 am ET


SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 4, 2002--Marvell® (NASDAQ:MRVL - News), a technology leader in the development of extreme broadband communications solutions, today announced that Fuji Xerox® has selected the Marvell Discovery(TM) family of system controllers for its recently launched DocuPrint C3530, the world`s fastest desktop color laser printer. Fuji Xerox chose the Marvell Discovery GT-64261A system controller based on high performance and integration as well as its ability to move vast amounts of data quickly. Powered by the Marvell Discovery system controller, the DocuPrint color laser printer provides exceptional performance and high image resolution, ultimately increasing end-user print productivity and versatility for generating color documents.
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"The DocuPrint C3530 demanded a controller that could move large amounts of data in the shortest period of time in order to deliver superior performance to our customers," stated Harunobu Kinoshita, Fuji Xerox General Manager of the Controller Device and Software Development Managing Unit. "The Marvell Discovery GT-64261A system controller, with its advanced architecture and performance-tuned interfaces, attained the output level necessary to produce a thirty-five page-per-minute color laser printer."

"We are pleased that Fuji Xerox, the industry standard in document production, has chosen the Marvell Discovery GT-64261A system controller for its DocuPrint C3530 color laser printer," said Gary Smerdon, Marvell`s Vice President of Marketing for the Communications Business Group. "Marvell is committed to designing cutting-edge products for a broad range of applications. By selecting the Discovery device, Fuji Xerox has further endorsed Marvell`s solution as a feature-rich, industry-leading controller."

The Discovery Family of System Controllers

Since its initial launch in December 2000, the Discovery family of system controllers has established market leadership with multiple design wins in a variety of embedded applications including router, printer and storage solutions. The Discovery system controller combines advanced, high-performance architecture to deliver unmatched performance for next-generation applications like Fuji Xerox`s high-performance, multi-functional printer. Multiple tier one vendors have all benefited from the Discovery family`s ability to operate at demanding processing speeds, a mission critical attribute in today`s market. Providing over 100 Gbps of aggregate throughput (up to a 16x improvement over traditional system controllers), the Discovery device`s architecture supports non-blocking concurrent connections among peripherals at full bus speeds. The Discovery GT-64261A device is a full-feature system controller that combines high performance system and communications peripherals on a single chip. In addition, the Discovery GT-64261A device includes a 72-bit SDRAM memory controller, interrupt controllers, two 10/100 Mbps Ethernet controllers, two multi-protocol serial channels, and dual 66 MHz PCI 2.2 bus interfaces.

Fuji Xerox DocuPrint C3530 Printers

The DocuPrint C3530 is a desktop color laser printer that produces the highest quality prints at the world`s fastest print speed (thirty-five pages-per-minute (ppm) in color as well as black and white). The DocuPrint C3530 achieves its speed by incorporating an upgraded micro-tandem laser engine, utilizing an advanced CPU sub-system comprised of a 600 MHz PowerPC® G4 processor and the Marvell Discovery GT-64261A. system controller. The C3530 produces natural luster, higher image quality and increases the versatility of color documents enabling document annotation. It offers the fastest warm-up time in its class of printers, energy saving features and secure printing. More details about DocuPrint C3530 can be found at http://www.fujixerox.co.jp/eng/headline/2002/1015_dpc3530.ht…

About Marvell

Marvell (NASDAQ:MRVL - News) is the leading global semiconductor provider of complete broadband communications solutions for the data communications and storage markets. The Company`s diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Galileo Technology Ltd., and SysKonnect GmbH. MSI is headquartered in Sunnyvale, Calif., and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at [phone] or at www.marvell.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This release contains forward-looking statements based on projections and assumptions about our products and our markets. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should," and their variations identify forward-looking statements. Statements that refer to, or are based on projections, uncertain events or assumptions also identify forward-looking statements. All such statements are not guarantees of results and are subject to risks and uncertainties. Some risks and uncertainties that may adversely impact the statements in this release include, but are not limited to, the timing, cost and successful completion of development and volume production, end-customer qualification and adoption, and the timing, pricing, rescheduling, or cancellation of orders. For other factors that could cause Marvell`s results to vary from expectations, please see the sections titled "Additional Factors That May Affect Future Results" in Marvell`s annual report on Form 10-K for the year ended February 2, 2002 and Marvell`s subsequent reports on Form 10-Q. We undertake no obligation to revise or update publicly any forward-looking statements

Note to Editors: Marvell®, the Marvell logo and Discovery are trademarks of Marvell. All other trademarks are the property of their respective owners.



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Contact:
Marvell
Kathryn Gentry, 408/222-2500
[e-mail]



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Source: Marvell

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Marvell Extends SOHO Switch Leadership With Third-Generation Ultra Low Power Fast Ethernet Switch Products
Monday November 11, 8:32 am ET
Link Street(TM) Switches Are the First to Include Industry-Leading Smart Power Management and Virtual Cable Tester(TM) Technology Features


SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 11, 2002-- Marvell® (Nasdaq:MRVL - News), a technology leader in the development of extreme broadband communications solutions, today announced that it has extended its leadership in the small office/home office (SOHO) switch market with its third-generation Link Street(TM) family of Fast Ethernet switches. The highly integrated Link Street switches, built upon proven Marvell switch and PHY technology, incorporate the industry`s most advanced features including smart power management, which dramatically reduces power consumption by more than 50%, as well as Virtual Cable Tester(TM) (VCT) technology, which performs cable diagnostics, reducing overall network support costs. These enhanced features have secured a wide range of designs with SOHO applications such as standalone switches, media converters, IP phones, firewall appliances, wireless and wired gateway routers, and wireless access points.
"Marvell has made great strides to utilize cutting-edge technology to offer the most advanced, `worry-free` switch solutions in the industry," stated Gary Smerdon, Marvell`s vice president of marketing for the Communications Business Group. "Our Link Street SOHO switches enable our customers to offer their end-users products that are easier to install and maintain, reducing overall total cost of ownership and further extending our leadership in the market."

Decreasing Power Consumption

As a leader in the SOHO switch market, Marvell has also been able to dramatically reduce power consumption in SOHO switches by more than 50% or less than 0.8 Watt for a six-port switch. With the Company`s smart power management technology, idle ports and logic blocks can be dynamically powered down into "deep sleep" mode so they consume as little power as possible. Power is supplied only when necessary based on Marvell`s intuitive switch technology that detects when power needs to be supplied and when power should to be turned off. In addition, Marvell switches are built on 0.15-micron process technology that uses a lower operating voltage for the core logic blocks. This efficient use of power allows SOHO switch devices to run at a much cooler temperature translating into a longer life span.

Decreasing Service Calls and Increasing Uptime

Switching devices containing Marvell VCT technology allow IT managers or end-users to non-intrusively diagnose the attached cable plant, quickly identifying the failing mechanism and isolating the source of the problem. VCT technology integrates, on a single chip, the functionality of a several thousand-dollar cable meter system typically required by IT professionals to handle corporate network service and support issues. With VCT technology, each device port can independently detect and report cabling issues without the need to unplug cables, connect cable testers and install loop-back modules at the far end. In addition, VCT technology can operate in both managed and unmanaged switching products for added flexibility. The net result is a plug-and-play, "worry-free" SOHO switch.

The Link Street Family of Ethernet Switches

All Link Street switches include a high-speed switch fabric and provide SOHO customers with a low cost, low power generating, reduced footprint solution. There are many options for customers to choose from to best fit their application needs:

-- Link Street 88E6063 7-Port Fast Ethernet Switch
The Link Street 88E6063 device is a seven-port Fast Ethernet
switch with a full feature set including:

-- Port flexibility with five integrated PHYs and two
multi-mode MII ports
-- QoS with four traffic classes to handle time critical and
multimedia traffic
-- 802.1Q VLAN and port-based VLAN provide Layer 2 firewall
protection
-- Extensive RMON/SNMP and traffic snooping support for
enhanced manageability
-- Multiple address databases and a special header mode
improve packet routing performance

-- Link Street 88E6060 6-Port Fast Ethernet Switch
The Link Street 88E6060 device is a cost-effective six-port
Fast Ethernet switch with the following features:

-- Port flexibility with five integrated PHYs and one
multi-mode MII port
-- Port-based VLAN provides Layer 2 firewall protection
-- Multiple address databases

-- Link Street 88E6021 3-Port Fast Ethernet Switch
The Link Street 88E6021 device is a three-port Fast Ethernet
switch with the following features:

-- Port flexibility with two integrated PHYs and one
multi-mode MII port
-- QoS with four traffic classes to handle time critical and
multimedia traffic
-- 802.1Q VLAN and port-based VLAN provide Layer 2 firewall
protection
-- Extensive RMON/SNMP and traffic snooping support for
enhanced manageability
-- Optional link down pass through feature for media
converter applications


About Marvell

Marvell (Nasdaq:MRVL - News) is the leading global semiconductor provider of complete broadband communications solutions for the data communications and storage markets. The Company`s diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Galileo Technology Ltd., and SysKonnect GmbH. MSI is headquartered in Sunnyvale, Calif., and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at 408/222-2500 or at www.marvell.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This release contains forward-looking statements based on projections and assumptions about our products and our markets. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should," and their variations identify forward-looking statements. Statements that refer to, or are based on projections, uncertain events or assumptions also identify forward-looking statements. All such statements are not guarantees of results and are subject to risks and uncertainties. Some risks and uncertainties that may adversely impact the statements in this release include, but are not limited to, the timing, cost and successful completion of development and volume production, end-customer qualification and adoption, and the timing, pricing, rescheduling, or cancellation of orders. For other factors that could cause Marvell`s results to vary from expectations, please see the sections titled "Additional Factors That May Affect Future Results" in Marvell`s annual report on Form 10-K for the year ended Feb. 2, 2002 and Marvell`s subsequent reports on Form 10-Q. We undertake no obligation to revise or update publicly any forward-looking statements.

Marvell®, the Marvell logo, Link Street(TM), and Virtual Cable Tester(TM) are trademarks of Marvell. All other trademarks are the property of their respective owners.



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Contact:
Marvell
Kathryn Gentry, 408/222-2500
[e-mail]



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Source: Marvell

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Marvell Offers Windows CE .NET-Based SOHO Gateway Router Solution
Tuesday November 12, 8:44 am ET


SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 12, 2002--Marvell® (Nasdaq:MRVL - News), a technology leader in the development of extreme broadband communications solutions, today announced its Windows CE .NET-based small office/home office (SOHO) gateway board support package. By utilizing Marvell`s expertise in broadband communications and Windows CE .NET, the operating system designed specifically for embedded applications, Marvell has developed a board support package that demonstrates the ability to run the Windows CE .NET operating system on SOHO gateway routers. Marvell has delivered a software development board that allows OEMs to more easily create a variety of gateway routers that can be used for the home, small office or remote offices of a larger enterprise. The global home gateway market, fueled by demand for broadband Internet access by consumers, is expected to rise to $7.1 billion in 2006 as stated by Allied Business Intelligence (ABI).
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"Marvell`s SOHO gateway router solution, coupled with the Windows CE .NET operating system, offers OEMs in the SOHO market a robust platform to rapidly create high-performance networking hardware that supports advanced security, multimedia and Internet capabilities," said Scott Horn, Director of the Embedded and Appliance Platforms Group at Microsoft Corporation.

"We are pleased to be utilizing Windows CE in order to expand our reach into the SOHO gateway market," stated Gary Smerdon, Marvell`s Vice President of Marketing for the Communications Business Group. "By working with Microsoft, Marvell has been able to demonstrate to OEMs how the Windows CE .NET operating system and Marvell can provide a powerful, cost-effective solution."

Marvell Brings Leadership to the SOHO Gateway Market

Marvell brings years of broadband communications leadership, expertise and technology to the SOHO gateway market. As OEMs seek to introduce Marvell components into a variety of SOHO gateways, they will take advantage of the Company`s proven track record:

Established leader in high-performance router and gateway solutions
Proven hardware-based security acceleration of IPsec Virtual Private Network (VPN)
Industry`s broadest portfolio of Ethernet switch solutions with millions of chips in use today
Ethernet physical layer expertise with rich feature set including Virtual Cable Tester(TM) (VCT) technology
Windows CE .NET

Windows CE .NET is a robust small-footprint and feature-rich embedded operating system for building the next generation of smart gateway devices. Windows CE .NET version 4.1 includes multiple features that make it easy for OEM and ODM customers to rapidly build low-footprint gateway operating systems. The operating systems enable rapid development of existing and new scenarios of benefit to end-users, businesses and service providers. These include integrated WAN and LAN connection services including Internet Connection Sharing and NAT, flexible remote management capabilities, integrated wireless LAN support, VPN and RAS support, PPTP, FTP and HTTP server capabilities, UPnP support profiles, the latest authentication and secure networking services, and a rich application development environment enabling third parties to rapidly implement custom firewalls, parental controls, custom Uis, and many other applications based on XML, SOAP and the Win32 API.

About Marvell

Marvell (Nasdaq:MRVL - News) is the leading global semiconductor provider of complete broadband communications solutions for the data communications and storage markets. The Company`s diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Galileo Technology Ltd., and SysKonnect GmbH. MSI is headquartered in Sunnyvale, Calif., and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at 408/222-2500 or at www.marvell.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This release contains forward-looking statements based on projections and assumptions about our products and our markets. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should," and their variations identify forward-looking statements. Statements that refer to, or are based on projections, uncertain events or assumptions also identify forward-looking statements. All such statements are not guarantees of results and are subject to risks and uncertainties. Some risks and uncertainties that may adversely impact the statements in this release include, but are not limited to, the timing, cost and successful completion of development and volume production, end-customer qualification and adoption, and the timing, pricing, rescheduling, or cancellation of orders. For other factors that could cause Marvell`s results to vary from expectations, please see the sections titled "Additional Factors That May Affect Future Results" in Marvell`s annual report on Form 10-K for the year ended February 2, 2002 and Marvell`s subsequent reports on Form 10-Q. We undertake no obligation to revise or update publicly any forward-looking statements.

Note to Editors: Marvell® the Marvell logo and Virtual Cable Tester(TM) are trademarks of Marvell. All other trademarks are the property of their respective owners.



--------------------------------------------------------------------------------
Contact:
Marvell
Kathryn Gentry, 408/222-2500
[e-mail]



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Source: Marvell

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Marvell Accelerates Growth of SOHO Wireless LAN Market With Libertas Wireless Gateway Solution
Monday November 18, 8:38 am ET
Smallest Form Factor to Support High-Performance Wireless Gateways


SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 18, 2002--Marvell® (Nasdaq:MRVL - News), a technology leader in the development of extreme broadband communications solutions, has accelerated the growth of the small office/home office (SOHO) Wireless LAN (WLAN) market by providing a wireless gateway solution that offers the highest level of integration on the market today. Marvell`s solution includes the highly integrated Libertas(TM) two-chip access point and the ultra low power Link Street(TM) SOHO switch. By utilizing Marvell`s WLAN reference designs, manufacturers can decrease their time-to-market as they create "worry-free" wireless gateways for the SOHO environment. The Marvell solution requires a mere three chips, which provides the access point, switching and routing capabilities as well as firewall protection, whereas competitive solutions require at least six components. Marvell has taken a leadership role by providing solutions for the WLAN market that is projected to grow at least 30% annually according to Meta Group.
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"Wireless LAN solutions are rapidly gaining momentum in a variety of applications, one of which is the SOHO gateway market," stated Gary Smerdon, Marvell Vice President of Marketing for the Communications Business Group. "To this end, Marvell has re-architected the wireless home gateway solution by incorporating the highest level of integration and richest functionality to enable mass wireless adoption."

Delivering Consistent, High-Performance Wireless Solutions

As with any WLAN product, performance, ease-of-use and low cost-of-ownership ultimately determine the speed of market adoption. "As Marvell increases the ease and speed of downloading files, viewing streaming media or sending information, the consumer is more likely to gravitate to a wireless LAN environment rather than just seeing it as a technological gadget," remarked Dr. James C. Chen, Marvell`s Wireless Product Marketing Manager. "In essence, Marvell has placed `worry-free` enterprise-level wireless performance in a box that is destined for the mass SOHO market."

Based on Marvell`s high-performance Libertas solution, Marvell allows the end-user to roam freely within the SOHO environment, while at the same time, reap the benefits of high-speed wireless. Marvell is setting new standards for robust, wireless connections by increasing range and transmission rates by lessening the impact of "echoes" in wireless transmissions, as well as increasing the ability to detect faint signals. In addition, Marvell`s wireless gateway solution utilizes Marvell`s built-in Virtual Cable Tester(TM) (VCT) technology, a standard feature in the Company`s SOHO switch products. VCT technology significantly reduces support costs and enables end-users to easily identify cable issues, reducing the amount of installation time required. By utilizing VCT technology, there is a resulting decrease in total cost-of-ownership. All of these technologies allow Marvell wireless gateway solutions to provide "worry-free" connectivity in all environments.

Decreasing Time-to-Market

The Marvell Libertas 802.11b wireless gateway reference design will enable and accelerate manufacturers` time-to-market. Customers can take advantage of Marvell reference designs that include everything required to manufacture a production-ready wireless gateway solution. By utilizing this reference design, manufacturers can save valuable time creating new products as well as generating revenue and increasing their bottom line.

Most Integrated Wireless Gateway Solution

The Marvell Libertas 802.11b wireless gateway reference design includes the 88W8000 device, a high performance, highly integrated CMOS RF transceiver; the 88W8501 System-On-Chip (SOC) which includes a baseband processor, Media Access Controller (MAC), access point, 802.11i security support, and a high-speed ARM9 processor; and the Link Street 88E6060 device, a 6-port 10/100 Fast Ethernet switch. Together, this chipset offers the world`s first three-chip wireless gateway solution. This chipset is now sampling to customers.

About Marvell

Marvell (Nasdaq:MRVL - News) is the leading global semiconductor provider of complete broadband communications solutions for the data communications and storage markets. The Company`s diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Galileo Technology Ltd., and SysKonnect GmbH. MSI is headquartered in Sunnyvale, Calif., and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at 408/222-2500 or at www.marvell.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This release contains forward-looking statements based on projections and assumptions about our products and our markets. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should," and their variations identify forward-looking statements. Statements that refer to, or are based on projections, uncertain events or assumptions also identify forward-looking statements. All such statements are not guarantees of results and are subject to risks and uncertainties. Some risks and uncertainties that may adversely impact the statements in this release include, but are not limited to, the timing, cost and successful completion of development and volume production, end-customer qualification and adoption, and the timing, pricing, rescheduling, or cancellation of orders. For other factors that could cause Marvell`s results to vary from expectations, please see the sections titled "Additional Factors That May Affect Future Results" in Marvell`s annual report on Form 10-K for the year ended February 2, 2002 and Marvell`s subsequent reports on Form 10-Q. We undertake no obligation to revise or update publicly any forward-looking statements.

Marvell®, the Marvell logo, Libertas(TM), Link Street(TM), and Virtual Cable Tester(TM) are trademarks of Marvell. All other trademarks are the property of their respective owners.



--------------------------------------------------------------------------------
Contact:
Marvell
Kathryn Gentry, 408/222-2500
[e-mail]



--------------------------------------------------------------------------------
Source: Marvell

[panik]

Marvell Technology Group Ltd. Reports Record Third Quarter Fiscal 2003 Results
Thursday November 21, 4:06 pm ET


SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 21, 2002--Marvell® Technology Group Ltd. (Nasdaq:MRVL - News), a technology leader in the development of extreme broadband communications solutions, today reported financial results for its third fiscal quarter ended November 2, 2002.
ADVERTISEMENT


Net revenue for the third quarter of fiscal 2003 was a record $135.9 million, an increase of 86% over net revenue of $73.1 million for the third quarter of fiscal 2002 and a 14% sequential increase from net revenue of $119.7 million for the second quarter of fiscal 2003. Net loss under generally accepted accounting principles (GAAP), which includes the effect of acquisition-related expenses, amortization of stock-based compensation and a special charge related to facilities consolidation was $7.7 million, or $0.06 per share (diluted), for the third quarter of fiscal 2003, compared with net loss under GAAP of $105.1 million, or $0.92 per share (diluted), for the third quarter of fiscal 2002.

Net revenue for the nine months ended November 2, 2002 was $354.4 million, an increase of 72% over net revenue of $206.0 million for nine months ended October 27, 2001. Net loss under GAAP was $47.9 million, or $0.40 per share (diluted), for the nine months ended November 2, 2002, compared with net loss under GAAP of $315.3 million, or $2.77 per share (diluted), for the nine months ended October 27, 2001.

Pro forma net income, which excludes the effect of acquisition-related expenses, amortization of stock-based compensation and a special charge related to facilities consolidation in fiscal 2003, was $17.6 million, or $0.14 per share (diluted), for the third quarter of fiscal 2003, compared with pro forma net income of $3.4 million, or $0.03 per share (diluted), for the third quarter of fiscal 2002. Pro forma net income was $42.3 million, or $0.33 per share (diluted), for the nine months ended November 2, 2002, compared with pro forma net income of $11.3 million, or $0.09 per share (diluted), for the nine months ended October 27, 2001.

"Q3 was another very strong quarter for Marvell," stated Dr. Sehat Sutardja, Marvell`s President and CEO. "We recorded record revenues in both our data storage and data communications businesses driven largely by the continued adoption of Gigabit Ethernet to the desktop and our integrated system-on-chip storage solutions. Additionally, we are very excited about the designs we are receiving with our new Yukon(TM) Gigabit Ethernet controllers, Serial ATA solutions, Libertas(TM) wireless LAN products, and Prestera(TM) family of Gigabit Ethernet switches."

Marvell will be conducting a conference call today at 1:45 p.m. PST to discuss its third quarter fiscal 2003 financial results. To listen to the conference call, investors can dial 706/679-0800 approximately fifteen minutes prior to the initiation of the teleconference and refer to conference code 6564396. Replay of the conference call will be available until November 28, 2002 at midnight by calling 706/645-9291. The conference call will also be available via the web at www.marvell.com until December 21, 2002.

About Marvell

Marvell (Nasdaq:MRVL - News) is the leading global semiconductor provider of complete broadband communications solutions for the data communications and storage markets. The Company`s diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Galileo Technology Ltd., and SysKonnect GmbH. MSI is headquartered in Sunnyvale, Calif., and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at 408/222-2500 or at www.marvell.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:

This release contains forward-looking statements based on projections and assumptions about our products and our markets. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should," and their variations identify forward-looking statements. Statements that refer to, or are based on projections, uncertain events or assumptions also identify forward-looking statements. All such statements are not guarantees of results and are subject to risks and uncertainties. Some risks and uncertainties that may adversely impact the statements in this release include, but are not limited to, the timing, cost and successful completion of development and volume production, end-customer qualification and adoption, and the timing, pricing, rescheduling, or cancellation of orders. For other factors that could cause Marvell`s results to vary from expectations, please see the sections titled "Additional Factors That May Affect Future Results" in Marvell`s annual report on Form 10-K for the year ended February 2, 2002 and Marvell`s subsequent reports on Form 10-Q. We undertake no obligation to revise or update publicly any forward-looking statements.

Note to Editors: Marvell®, the Marvell logo, Libertas(TM), Prestera(TM) and Yukon(TM) are trademarks of Marvell. All other trademarks are the property of their respective owners.

-0-

Marvell Technology Group Ltd.
Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)


Three Months Ended Nine Months Ended
-------------------- --------------------
Nov. 2, Oct. 27, Nov. 2, Oct. 27,
2002 2001 2002 2001
--------- ---------- --------- ----------

Net revenue $135,944 $ 73,100 $354,438 $ 205,979
Cost of goods sold 62,925 33,491 162,738 95,071
--------- ---------- --------- ----------
Gross profit 73,019 39,609 191,700 110,908
Operating expenses:
Research and development 38,817 24,072 103,025 65,981
Selling and marketing 12,298 9,980 35,631 29,628
General and
administrative 3,582 3,329 10,747 10,048
Amortization of stock-
based compensation 2,187 4,051 6,661 12,259
Amortization of goodwill
and acquired intangible
assets 21,323 104,508 63,969 313,524
Facilities consolidation
charge 1,763 -- 19,562 --
--------- ---------- --------- ----------
Total operating expenses 79,970 145,940 239,595 431,440
--------- ---------- --------- ----------
Operating loss (6,951) (106,331) (47,895) (320,532)
Interest and other income,
net 1,670 1,817 5,715 7,243
--------- ---------- --------- ----------
Loss before income taxes (5,281) (104,514) (42,180) (313,289)
Provision for income taxes 2,399 607 5,760 1,995
--------- ---------- --------- ----------
Net loss $ (7,680) $(105,121) $(47,940) $(315,284)
========= ========== ========= ==========

Basic and diluted net loss
per share $ (0.06) $ (0.92) $ (0.40) $ (2.77)
========= ========== ========= ==========

Weighted average shares --
basic and diluted 119,577 114,787 118,851 113,673
========= ========== ========= ==========


Marvell Technology Group Ltd.
Pro Forma Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)


Three Months Ended Nine Months Ended
-------------------- --------------------
Nov. 2, Oct. 27, Nov. 2, Oct. 27,
2002 2001 2002 2001
--------- ---------- --------- ----------

Net revenue $135,944 $ 73,100 $354,438 $205,979
Cost of goods sold 62,925 33,491 162,738 94,275
--------- ---------- --------- ----------
Gross profit 73,019 39,609 191,700 111,704
Operating expenses:
Research and development 38,817 24,072 103,025 65,981
Selling and marketing 12,298 9,980 35,631 29,628
General and
administrative 3,582 3,329 10,747 10,048
--------- ---------- --------- ----------
Total operating
expenses 54,697 37,381 149,403 105,657
--------- ---------- --------- ----------
Operating income 18,322 2,228 42,297 6,047
Interest and other income,
net 1,670 1,817 5,715 7,243
--------- ---------- --------- ----------
Income before income taxes 19,992 4,045 48,012 13,290
Provision for income taxes 2,399 607 5,760 1,995
--------- ---------- --------- ----------
Pro forma net income $ 17,593 $ 3,438 $ 42,252 $ 11,295
========= ========== ========= ==========

Basic pro forma net income
per share $ 0.15 $ 0.03 $ 0.36 $ 0.10
========= ========== ========= ==========
Diluted pro forma net income
per share $ 0.14 $ 0.03 $ 0.33 $ 0.09
========= ========== ========= ==========

Weighted average shares --
basic 119,577 114,787 118,851 113,673
--------- ---------- --------- ----------
Weighted average shares --
diluted 127,589 127,249 129,891 126,616
--------- ---------- --------- ----------

Reconciliation to GAAP net
loss:
Pro forma net income $ 17,593 $ 3,438 $ 42,252 $ 11,295
Amortization of stock-based
compensation (2,187) (4,051) (6,661) (12,259)
Amortization of goodwill and
acquired
intangible assets (21,323) (104,508) (63,969) (313,524)
Facilities consolidation
charge (1,763) -- (19,562) --
Amortization of inventory
fair value adjustment -- -- -- (796)
--------- ---------- --------- ----------
GAAP net loss $ (7,680) $(105,121) $(47,940) $(315,284)
========= ========== ========= ==========


The above pro forma statements of operations are for informational
purposes only and are provided for understanding our operating
results. The pro forma statements of operations have not been prepared
in accordance with GAAP, should not be considered a substitute for our
historical financial information prepared in accordance with GAAP and
may be different from pro forma measures used by other companies. The
pro forma income has been derived by adjusting the net loss under
generally accepted accounting principles with the impact of non cash
stock-based compensation charges, charges associated with purchase
accounting, and charges for facilities consolidation.


Marvell Technology Group Ltd.
Consolidated Balance Sheets
(Unaudited)
(In thousands)


November 2, February 2,
Assets 2002 2002
----------- -----------
Current assets:
Cash and cash equivalents $ 119,603 $ 114,483
Short-term investments 136,794 135,761
Accounts receivable, net 72,152 42,150
Inventory, net 48,684 23,600
Prepaid expenses and other current
assets 20,271 23,422
----------- -----------
Total current assets 397,504 339,416
Property and equipment, net 68,296 52,924
Goodwill and acquired intangible assets 1,616,771 1,680,740
Other noncurrent assets 30,828 17,975
----------- -----------
Total assets $2,113,399 $2,091,055
=========== ===========

Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable $ 46,613 $ 30,990
Accrued liabilities 42,549 25,838
Income taxes payable 21,489 17,744
Deferred revenue 12,443 8,907
Current portion of capital lease
obligations 3,756 1,039
----------- -----------
Total current liabilities 126,850 84,518
Capital lease obligations 14,397 10,017
Other long-term liabilities 5,847 6,793
----------- -----------
Total liabilities 147,094 101,328
----------- -----------

Shareholders` equity:
Common stock 241 238
Additional paid-in capital 2,668,992 2,646,757
Deferred stock-based compensation (8,887) (10,099)
Accumulated other comprehensive income 2,014 946
Accumulated deficit (696,055) (648,115)
----------- -----------
Total shareholders` equity 1,966,305 1,989,727
----------- -----------
Total liabilities and shareholders`
equity $2,113,399 $2,091,055
=========== ===========




--------------------------------------------------------------------------------
Contact:
Marvell Technology Group Ltd.
Mike Tate, 408/222-9291



--------------------------------------------------------------------------------
Source: Marvell Technology Group Ltd.

[panik]

Marvell Announces Industry`s First Turnkey Production Kits For Gigabit and 10 Gigabit Ethernet, Accelerating OEM Time-to-Market
Monday December 9, 8:33 am ET
Production Kit Family Enables Up to 240 Gigabit Ethernet Switching Ports


SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 9, 2002-- Marvell® (NASDAQ:MRVL - News), a technology leader in the development of extreme broadband communications solutions, today announced the industry`s first manufacturing-ready software and hardware production kits that provide OEMs with immediate time-to-market solutions for networking communications products. As the first in a series of total system solutions, Marvell introduces production kits from its enterprise Gigabit switch family including the Prestera(TM)-EX24G 24-port Gigabit Ethernet (GbE) multi-layer switch and the Prestera-C7 wiring closet chassis supporting up to 240 Gigabit ports.
ADVERTISEMENT


The Marvell production kits are total system solutions that come complete with all hardware, software, manufacturing information, and documentation required for OEMs to launch a new product into mass production. The systems are thoroughly tested and validated enabling OEMs to reduce their time-to-market as much as 75% by accelerating past complex prototype hardware and software development stages as well as time consuming integration, validation and quality assurance cycles. With Marvell`s total system solutions, OEMs are able to more confidently launch new products on time.

Marvell`s standalone, stackable and chassis-based switching production kits include Fast Ethernet, Gigabit and 10 Gigabit systems, covering the desktop, wiring closet, enterprise core, and metro markets. The systems offer many advanced features including the Company`s Virtual Cable Tester(TM) (VCT) technology that simplifies and accelerates network cable trouble-shooting by providing the user with fault location and type. Marvell is also applying the production kit model across the Company`s breadth of products including transceivers, wireless, PC connectivity, and communications controllers.

"Marvell`s announcement of production kits shows further evidence that the value of LAN switch designs is shifting, now allowing merchant chip vendors to expand their role as a strategic supplier," said Sean Lavey, an analyst from IDC. "With many switch OEMs realizing that the biggest differentiator in certain mainstream markets will be their ability to deliver low cost solutions faster to their customers than before, the need to rely on a semiconductor vendor that brings much more to the table than just chips becomes an important evolutionary trend."

Accelerating OEM Time-to-Market

With Marvell`s leading-edge technology, OEMs are able to more quickly take advantage of new opportunities by speeding past many complex and time consuming development stages. First, Marvell provides best-in-class integrated circuits backed by years of successful customer implementations. Marvell`s hardware is complemented by embedded routing and switch management software that supplies management control and advanced network functionality to the switch. Next, the system is completely tested and evaluated to be ready for manufacturing release. In addition, Marvell supplies all device programming files, a complete set of user manuals and an easily customized user interface for operating and managing the OEM switching product. Marvell also offers support staff training and ongoing support to get the OEM up to speed quickly. Marvell supports OEM specific customization with the ability for OEMs to add their own distinct "look and feel."

"The proliferation of Gigabit to the desktop and multimedia communications is driving the demand for OEMs to quickly bring next-generation, high performance switches to the market," stated Gary Smerdon, Marvell`s Vice President of Marketing for the Communications Business Group. "By utilizing Marvell`s Gigabit Ethernet switch production kits, OEMs can save up to 75% of their development time which enables them to bring additional products to market with the same resources."

"The Marvell Prestera switching architecture is the most feature-rich and comprehensive in the industry, supporting a range of applications from desktop to wiring closet connections," said Michael Orr, Radlan`s Vice President of Product Management. "Production kits provide the ideal combination of industry-leading Marvell Gigabit and 10 Gigabit Ethernet technology and Radlan OpENS embedded routing and switch management software, allowing OEMs to bring new products to market in record time."

Marvell Enterprise Ethernet Switch Production Kits

As Marvell applies its complete production kit concept to its breadth of product families, the first available are the following enterprise Ethernet switch solutions:

The Prestera-C7 Wiring Closet Chassis Production Kit

The Prestera-C7 is a seven-blade (five I/O blades and two
management blades) multi-layer wiring closet chassis, bringing
a highly reliable and configurable solution to OEMs that need
superior performance in a chassis switch. The Prestera-C7
production kit, integrated with Radlan`s industry-leading
OpENS software, is equipped with high reliability features
built-in such as a redundant power supply and management
blades as well as supporting hot swappable I/O blades. With
five-blade configurability, the Prestera-C7 chassis is highly
scalable and can support any combination of 48-port Fast
Ethernet (FE), 24-port GbE, 48-port GbE or two 10 Gigabit
blades, supporting up to 240 ports of FE, 240 ports of GbE or
10 ports of 10 GbE.

The Prestera-EX24G Ethernet Switch Production Kit

The Prestera-EX24G, a 24-port Gigabit Ethernet Layer 2/3/4
switch, is based on Marvell`s Prestera-EX switch controllers,
Alaska GbE transceivers and Radlan`s OpENS embedded networking
software. The Marvell Prestera-EX24G production kit is perfect
for a range of applications from desktop connections to wiring
closet port aggregation. The Prestera-EX24G switch provides
full-wire-speed bandwidth and a rich feature set ideal for
multimedia communications.

About Marvell

Marvell (NASDAQ:MRVL - News) is the leading global semiconductor provider of complete broadband communications solutions for the data communications and storage markets. The Company`s diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Galileo Technology Ltd., and SysKonnect GmbH. MSI is headquartered in Sunnyvale, Calif., and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at [phone] or at www.marvell.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This release contains forward-looking statements based on projections and assumptions about our products and our markets. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should," and their variations identify forward-looking statements. Statements that refer to, or are based on projections, uncertain events or assumptions also identify forward-looking statements. All such statements are not guarantees of results and are subject to risks and uncertainties. Some risks and uncertainties that may adversely impact the statements in this release include, but are not limited to, the timing, cost and successful completion of development and volume production, end-customer qualification and adoption, and the timing, pricing, rescheduling, or cancellation of orders. For other factors that could cause Marvell`s results to vary from expectations, please see the sections titled "Additional Factors That May Affect Future Results" in Marvell`s annual report on Form 10-K for the year ended February 2, 2002 and Marvell`s subsequent reports on Form 10-Q. We undertake no obligation to revise or update publicly any forward-looking statements.

Marvell®, the Marvell logo, Prestera(TM), and Virtual Cable Tester(TM) are trademarks of Marvell. OpENS(TM) is a trademark of RADLAN Computer Communications. All other trademarks are the property of their respective owners.



--------------------------------------------------------------------------------
Contact:
Marvell
Kathryn Gentry, 408/222-2500
[e-mail]



--------------------------------------------------------------------------------
Source: Marvell

[corvis]

Marvell Technology Group Ltd. Reports Record Fourth Quarter Fiscal 2003 Results
Thursday February 27, 4:05 pm ET


SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 27, 2003--Marvell® Technology Group Ltd. (Nasdaq:MRVL - News), the technology leader in the development of extreme broadband communications and storage solutions, today reported financial results for its fourth fiscal quarter and year ended February 1, 2003.
ADVERTISEMENT


Net revenue for the fourth quarter of fiscal 2003 was a record $150.8 million, an increase of 82% over net revenue of $82.8 million for the fourth quarter of fiscal 2002 and a 11% sequential increase from net revenue of $135.9 million for the third quarter of fiscal 2003. Net loss under generally accepted accounting principles (GAAP), which includes the effect of acquisition-related expenses, amortization of stock-based compensation and a charge related to the write-off of a trade name was $24.2 million, or $0.20 per share (diluted), for the fourth quarter of fiscal 2003, compared with net loss under GAAP of $99.9 million, or $0.86 per share (diluted), for the fourth quarter of fiscal 2002.

Net revenue for the year ended February 1, 2003 was $505.3 million, an increase of 75% over net revenue of $288.8 million for the year ended February 2, 2002. Net loss under GAAP was $72.2 million, or $0.61 per share (diluted), for the year ended February 1, 2003, compared with net loss under GAAP of $415.2 million, or $3.63 per share (diluted), for the year ended February 2, 2002.

Pro forma net income, where applicable, excludes the effect of acquisition-related expenses, amortization of stock-based compensation, a special charge related to facilities consolidation and a charge related to the write-off of a trade name in fiscal 2003. Pro forma net income was $20.3 million, or $0.16 per share (diluted), for the fourth quarter of fiscal 2003, compared with pro forma net income of $7.4 million, or $0.06 per share (diluted), for the fourth quarter of fiscal 2002. Pro forma net income was $62.5 million, or $0.48 per share (diluted), for the year ended February 1, 2003, compared with pro forma net income of $18.7 million, or $0.15 per share (diluted), for the year ended February 2, 2002.

"Fiscal 2003 was another strong year for Marvell. In a very challenging economic climate, we increased our revenues by 75% from the prior year and significantly improved our profitability," stated Dr. Sehat Sutardja, Marvell`s President and CEO. "As we enter fiscal 2004, we are excited about the strength of our technology and product leadership in both our data communications and storage businesses. By successfully executing our strategies, we have increased our market share in wireless LAN, enterprise and desktop switching as well as Gigabit Ethernet, including transceivers, NIC and LOM solutions. In our storage business, we have gained a leadership position in both the enterprise and mobile markets with our advanced read channel and integrated System-on-Chip solutions, and continue to capture increased market share in the desktop segment."

Added Dr. Sutardja, "The continued growth of our communications and storage businesses will afford us the opportunity to aggressively invest in many new, exciting products and technologies, which will allow us to further expand our markets and increase our revenues in the coming fiscal year."

Marvell will be conducting a conference call today at 1:45 p.m. PST to discuss its fourth quarter and fiscal 2003 financial results. To listen to the conference call, investors can dial 706/679-0800 approximately fifteen minutes prior to the initiation of the teleconference and refer to conference code 8086952. Replay of the conference call will be available until March 6, 2003 at midnight by calling 706/645-9291. The conference call will also be available via the web at www.marvell.com until March 27, 2003.

About Marvell

Marvell (Nasdaq:MRVL - News) is the leading global semiconductor provider of complete broadband communications and storage solutions. The Company`s diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Marvell Semiconductor Israel Ltd. (MSIL), and SysKonnect GmbH. MSI is headquartered in Sunnyvale, Calif., and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at 408/222-2500 or at www.marvell.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:

This release contains forward-looking statements based on projections and assumptions about our products and our markets. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should," and their variations identify forward-looking statements. Statements that refer to, or are based on projections, uncertain events or assumptions also identify forward-looking statements. All such statements are not guarantees of results and are subject to risks and uncertainties. Some risks and uncertainties that may adversely impact the statements in this release include, but are not limited to, the timing, cost and successful completion of development and volume production, end-customer qualification and adoption, and the timing, pricing, rescheduling, or cancellation of orders. For other factors that could cause Marvell`s results to vary from expectations, please see the sections titled "Additional Factors That May Affect Future Results" in Marvell`s annual report on Form 10-K for the year ended February 2, 2002 and Marvell`s subsequent reports on Form 10-Q. We undertake no obligation to revise or update publicly any forward-looking statements.

Note to Editors: Marvell® and the Marvell logo are trademarks of Marvell. All other trademarks are the property of their respective owners.

-0-

Marvell Technology Group Ltd.
Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)




Three Months Ended Year Ended
--------------------- ---------------------
February 1, February 2, February 1, February 2,
2003 2002 2003 2002
-------- --------- -------- ---------

Net revenue $150,847 $ 82,816 $505,285 $ 288,795
Cost of goods sold 70,301 35,736 233,039 130,807
-------- --------- -------- ---------
Gross profit 80,546 47,080 272,246 157,988
Operating expenses:
Research and
development 42,697 27,441 145,722 93,422
Selling and marketing 12,860 10,542 48,491 40,170
General and
administrative 3,556 3,143 14,303 13,191
Amortization of stock-
based compensation 830 2,763 7,491 15,022
Amortization and
write-off of goodwill
and acquired
intangible assets 43,676 104,508 107,645 418,032
Facilities
consolidation charge - - 19,562 -
-------- --------- -------- ---------
Total operating
expenses 103,619 148,397 343,214 579,837
-------- --------- -------- ---------
Operating loss (23,073) (101,317) (70,968) (421,849)
Interest and other
income, net 1,603 2,751 7,318 9,994
-------- --------- -------- ---------
Loss before income taxes (21,470) (98,566) (63,650) (411,855)
Provision for
income taxes 2,764 1,304 8,524 3,299
-------- --------- -------- ---------
Net loss $(24,234) $ (99,870) $(72,174) $(415,154)
======== ========= ======== =========

Basic and diluted net
loss per share $ (0.20) $ (0.86) $ (0.61) $ (3.63)
======== ========= ======== =========

Weighted average shares
-- basic and diluted 120,410 116,395 119,240 114,353
-------- --------- -------- ---------


Marvell Technology Group Ltd.
Pro Forma Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)




Three Months Ended Year Ended
--------------------- ---------------------
February 1, February 2, February 1, February 2,
2003 2002 2003 2002
-------- --------- -------- ---------

Net revenue $150,847 $ 82,816 $ 505,285 $ 288,795
Cost of goods sold 70,301 35,736 233,039 130,011
-------- --------- -------- ---------
Gross profit 80,546 47,080 272,246 158,784
Operating expenses:
Research and
development 42,697 27,441 145,722 93,422
Selling and marketing 12,860 10,542 48,491 40,170
General and
administrative 3,556 3,143 14,303 13,191
-------- --------- -------- ---------
Total operating
expenses 59,113 41,126 208,516 146,783
-------- --------- -------- ---------
Operating income 21,433 5,954 63,730 12,001
Interest and other
income, net 1,603 2,751 7,318 9,994
-------- --------- -------- ---------
Income before
income taxes 23,036 8,705 71,048 21,995
Provision for
income taxes 2,764 1,304 8,524 3,299
-------- --------- -------- ---------
Pro forma net income $ 20,272 $ 7,401 $ 62,524 $ 18,696
======== ========= ======== =========

Basic pro forma net
income per share $ 0.17 $ 0.06 $ 0.52 $ 0.16
======== ========= ======== =========
Diluted pro forma net
income per share $ 0.16 $ 0.06 $ 0.48 $ 0.15
======== ========= ======== =========

Weighted average
shares -- basic 120,410 116,395 119,240 114,353
-------- --------- -------- ---------
Weighted average
shares -- diluted 129,327 131,265 129,750 127,779
-------- --------- -------- ---------

Reconciliation to GAAP
net loss:
Pro forma net income $ 20,272 $ 7,401 $ 62,524 $ 18,696
Amortization of stock-
based compensation (830) (2,763) (7,491) (15,022)
Amortization and
write-off of goodwill
and acquired
intangible assets (43,676) (104,508) (107,645) (418,032)
Facilities
consolidation charge - - (19,562) -
Amortization of
inventory fair value
adjustment - - - (796)
-------- --------- -------- ---------
GAAP net loss $(24,234) $ (99,870) $ (72,174) $(415,154)
======== ========= ======== =========

The above pro forma statements of operations are for informational
purposes only and are provided for understanding our operating
results. The pro forma statements of operations have not been prepared
in accordance with GAAP, should not be considered a substitute for our
historical financial information prepared in accordance with GAAP and
may be different from pro forma measures used by other companies. The
pro forma income has been derived by adjusting the net loss under
generally accepted accounting principles with the impact of non cash
stock-based compensation charges, charges associated with purchase
accounting, charges for facilities consolidation and the write-off of
a trade name.


Marvell Technology Group Ltd.
Consolidated Balance Sheets
(Unaudited)
(In thousands)





February 1, February 2,
Assets 2003 2002
---------- ----------
Current assets:
Cash and cash equivalents $ 125,316 $ 114,483
Short-term investments 139,912 135,761
Accounts receivable, net 86,175 42,150
Inventory, net 39,712 23,600
Prepaid expenses and other current assets 19,979 23,422
---------- ----------
Total current assets 411,094 339,416
Property and equipment, net 69,246 52,924
Goodwill and acquired intangible assets 1,570,643 1,680,740
Other noncurrent assets 49,313 17,975
---------- ----------
Total assets $2,100,296 $2,091,055
========== ==========

Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable $ 47,672 $ 30,990
Accrued liabilities 26,955 25,838
Income taxes payable 2,247 17,744
Deferred revenue 12,481 8,907
Current portion of capital
lease obligations 5,019 1,039
---------- ----------
Total current liabilities 94,374 84,518
Capital lease obligations 13,755 10,017
Other long-term liabilities 42,029 6,793
---------- ----------
Total liabilities 150,158 101,328
---------- ----------

Shareholders` equity:
Common stock 243 238
Additional paid-in capital 2,674,095 2,646,757
Deferred stock-based compensation (5,899) (10,099)
Accumulated other comprehensive income 1,988 946
Accumulated deficit (720,289) (648,115)
---------- ----------
Total shareholders` equity 1,950,138 1,989,727
---------- ----------
Total liabilities and
shareholders` equity $2,100,296 $2,091,055
========== ==========




--------------------------------------------------------------------------------
Contact:
Marvell Technology Group Ltd.
Mike Tate, 408/222-9291



--------------------------------------------------------------------------------
Source: Marvell Technology Group Ltd.

[corvis]

9:29AM MRVL guidance seen as conservative (MRVL) 19.50: ThinkEquity believes mgmt`s guidance to be conservative and compelling given a mid-range of its $710-$740 mln FY04 revenue projections, which equates to 44% year/year revenue growth. In light of these developments, the analyst recommends "buying on weakness".

[corvis]

8:07AM ThinkEquity semiconductor analyst provides industry update and outlook : In a morning note, ThinkEquity semiconductor analyst Charlie Glavin provided some color on the SIA numbers, which illustrate a "double dip" or a deceleration in Feb year over year growth. The SIA data shows Feb slowed to 14% growth year/year, down from previous 20% growth levels in Dec and Jan. Microprocessor and DSP sales were strong while DRAM revenues were down sequentially. Given the overall deceleration of growth and continued slowed recovery in the semiconductor sector, the analyst recommends buying specific stocks which place an emphasis on its products ROI. The analyst therefore recommends STM, TXN, GNSS, MRVL and INTC (in Q203 based off of forecasted anomalous q/q growth in laptop processors) with year/year growth forecasted to continue its trend of deceleration until Q403.

[panik]

Marvell Technology Group Ltd. Reports Record First Quarter Fiscal 2004 Results
Thursday May 22, 4:05 pm ET


SUNNYVALE, Calif.--(BUSINESS WIRE)--May 22, 2003--Marvell® Technology Group Ltd. (Nasdaq:MRVL - News), the technology leader in the development of extreme broadband communications and storage solutions, today reported financial results for its first fiscal quarter ended May 3, 2003.
ADVERTISEMENT


Net revenue for the first quarter of fiscal 2004 was a record $168.3 million, an increase of 70% over net revenue of $98.8 million for the first quarter of fiscal 2003 and a 12% sequential increase from net revenue of $150.8 million for the fourth quarter of fiscal 2003. Net income under generally accepted accounting principles (GAAP) was $4.4 million, or $0.03 per share (diluted), for the first quarter of fiscal 2004, compared with net loss under GAAP of $30.9 million, or $0.26 per share (diluted), for the first quarter of fiscal 2003.

Marvell reports net income (loss) and basic and diluted net income (loss) per share in accordance with GAAP and additionally on a non-GAAP basis, referred to as pro forma. Pro forma net income, where applicable, excludes the effect of acquisition-related expenses, amortization of stock-based compensation and charges related to facilities consolidation. Pro forma net income was $24.5 million, or $0.19 per share (diluted), for the first quarter of fiscal 2004, compared with pro forma net income of $10.5 million, or $0.08 per share (diluted), for the first quarter of fiscal 2003. These non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP. A reconciliation of GAAP net income (loss) to pro forma net income is included in the financial statements portion of this release as well as on our website in the Investors section at www.marvell.com.

Marvell`s management believes the non-GAAP information is useful because it can enhance the understanding of the Company`s ongoing economic performance and Marvell therefore uses pro forma reporting internally to evaluate and manage the Company`s operations. Marvell has chosen to provide this information to investors to enable them to perform comparisons of operating results in a manner similar to how the Company analyzes its operating results.

"Q1 was an outstanding quarter for Marvell," stated Dr. Sehat Sutardja, Marvell`s President and CEO. "Our 12% sequential growth in quarterly revenue was our twenty-second consecutive quarter of revenue growth. Marvell`s revenue growth is being driven by the continued adoption of Gigabit Ethernet and our integrated system-on-chip storage solutions. Bookings were very strong during the quarter and we enter Q2 with strong momentum."

Marvell will be conducting a conference call today at 1:45 p.m. PDT to discuss its first quarter fiscal 2004 financial results. To listen to the conference call, investors can dial 706/679-0800 approximately fifteen minutes prior to the initiation of the teleconference and refer to conference code 521891. Replay of the conference call will be available until May 29, 2003 at midnight by calling 706/645-9291. The conference call will also be available via the web at www.marvell.com until May 22, 2004.

About Marvell

Marvell (Nasdaq:MRVL - News) is the leading global semiconductor provider of complete broadband communications and storage solutions. The Company`s diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Marvell U.K. Limited, Marvell Semiconductor Israel Ltd. (MSIL), and SysKonnect GmbH. MSI is headquartered in Sunnyvale, Calif., and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at 408/222-2500 or at www.marvell.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:

This release contains forward-looking statements based on projections and assumptions about our products and our markets. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should," and their variations identify forward-looking statements. These statements include those relating to momentum with respect to fiscal Q2 and the impact of the continued adoption of our solutions on our revenue growth. Statements that refer to, or are based on projections, uncertain events or assumptions also identify forward-looking statements. These statements are not guarantees of results and are subject to risks and uncertainties. Some risks and uncertainties that may adversely impact the statements in this release include, but are not limited to, the timing, cost and successful completion of development and volume production, end-customer qualification and adoption, and the timing, pricing, rescheduling, or cancellation of orders. For other factors that could cause Marvell`s results to vary from expectations, please see the sections titled "Additional Factors That May Affect Future Results" in Marvell`s annual report on Form 10-K for the fiscal year ended February 1, 2003. We undertake no obligation to revise or update publicly any forward-looking statements.

Note to Editors: Marvell® and the Marvell logo are trademarks of Marvell. All other trademarks are the property of their respective owners.


Marvell Technology Group Ltd.
Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)



Three Months Ended
---------------------
May 3, May 4,
2003 2002
--------- ---------

Net revenue $168,283 $ 98,800
Cost of goods sold 76,113 43,780
--------- ---------
Gross profit 92,170 55,020
Operating expenses:
Research and development 46,639 30,609
Selling and marketing 15,463 11,012
General and administrative 3,580 3,642
Amortization of stock-based compensation 658 2,282
Amortization of acquired intangible assets 19,448 21,323
Facilities consolidation charge -- 17,799
--------- ---------
Total operating expenses 85,788 86,667
--------- ---------
Operating income (loss) 6,382 (31,647)
Interest and other income, net 1,311 2,139
--------- ---------
Income (loss) before income taxes 7,693 (29,508)
Provision for income taxes 3,336 1,426
--------- ---------
Net income (loss) $ 4,357 $(30,934)
========= =========

Basic net income (loss) per share $ 0.04 $ (0.26)
========= =========
Diluted net income (loss) per share $ 0.03 $ (0.26)
========= =========

Weighted average shares -- basic 121,336 118,089
--------- ---------
Weighted average shares -- diluted 129,573 118,089
--------- ---------



Marvell Technology Group Ltd.
Pro Forma Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)


Three Months Ended
--------------------------
May 3, May 4,
2003 2002
---------- ----------

Net revenue $168,283 $ 98,800
Cost of goods sold 76,113 43,780
---------- ----------
Gross profit 92,170 55,020
Operating expenses:
Research and development 46,639 30,609
Selling and marketing 15,463 11,012
General and administrative 3,580 3,642
---------- ----------
Total operating expenses 65,682 45,263
---------- ----------
Operating income 26,488 9,757
Interest and other income, net 1,311 2,139
---------- ----------
Income before income taxes 27,799 11,896
Provision for income taxes 3,336 1,426
---------- ----------
Pro forma net income $ 24,463 $ 10,470
========== ==========

Basic pro forma net income per
share $ 0.20 $ 0.09
========== ==========
Diluted pro forma net income per
share $ 0.19 $ 0.08
========== ==========

Weighted average shares -- basic 121,336 118,089
---------- ----------
Weighted average shares -- diluted 129,573 132,450
---------- ----------

Reconciliation of GAAP net income
(loss) to pro forma net income:
GAAP net income (loss) $ 4,357 $(30,934)
Amortization of stock-based
compensation 658 2,282
Amortization and write-off of
goodwill and acquired intangible
assets 19,448 21,323
Facilities consolidation charge -- 17,799
---------- ----------
Pro forma net income $ 24,463 $ 10,470
========== ==========


The above pro forma statements of operations are for informational
purposes only and are provided for understanding our operating
results. The pro forma statements of operations have not been prepared
in accordance with GAAP, should not be considered a substitute for our
historical financial information prepared in accordance with GAAP and
may be different from pro forma measures used by other companies. The
pro forma income has been derived by adjusting the net loss under
generally accepted accounting principles for the impact of non cash
stock-based compensation charges, charges associated with purchase
accounting and charges for facilities consolidation.



Marvell Technology Group Ltd.
Consolidated Balance Sheets
(Unaudited)
(In thousands)



May 3, February 1,
Assets 2003 2003
------------ -------------
Current assets:
Cash and cash equivalents $ 159,287 $125,316
Short-term investments 139,638 139,912
Accounts receivable, net 90,068 86,175
Inventory, net 46,771 39,712
Prepaid expenses and other
current assets 21,105 19,979
------------ -------------
Total current assets 456,869 411,094
Property and equipment, net 72,128 69,246
Goodwill and acquired intangible
assets 1,551,195 1,570,643
Other noncurrent assets 49,204 49,313
------------ -------------
Total assets $2,129,396 $2,100,296
============ =============

Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable $ 62,276 $ 47,672
Accrued liabilities 30,029 26,955
Income taxes payable 5,100 2,247
Deferred revenue 11,265 12,481
Current portion of capital lease
obligations 6,346 5,019
------------ -------------
Total current liabilities 115,016 94,374
Capital lease obligations 14,356 13,755
Other long-term liabilities 41,926 42,029
------------ -------------
Total liabilities 171,298 150,158
------------ -------------

Shareholders` equity:
Common stock 244 243
Additional paid-in capital 2,676,795 2,674,095
Deferred stock-based compensation (4,920) (5,899)
Accumulated other comprehensive
income 1,911 1,988
Accumulated deficit (715,932) (720,289)
------------ -------------
Total shareholders` equity 1,958,098 1,950,138
------------ -------------
Total liabilities and
shareholders` equity $2,129,396 $2,100,296
============ =============




--------------------------------------------------------------------------------
Contact:
Marvell Technology Group Ltd.
Mike Tate, 408/222-9291



--------------------------------------------------------------------------------
Source: Marvell

[panik]

7:55AM Marvell price target raised to $35 at ThinkEquity -- better visibility (MRVL) 27.58: As noted in the Marvell earnings preview yesterday, ThinkEquity was pounding the table on stock ahead of its release, calling MRVL its ``best mid-cap stock going into its earnings report`. This morning, firm is raising its price target to $35 from $30. According to ThinkEquity, visibility improved significantly, prompting MRVL to bump FY04 revenue guidance to $760-$790 mln from the $710-740 mln range (consensus $724 mln)... MRVL shares are trading up 11.3% in pre-market following the strong qtr.

[panik]

[panik]

11:54AM Marvell poised for test of 52-wk high (MRVL) 34.60 +0.25: Stock on the mend after falling into the red in early trade. Contributing to strength is a morning upgrade by Pacific Crest to Strong Buy from Buy. Issue currently trading at its best levels of the day, and is positioned for a test of its $34.85 one-yr high established June 6.

[panik]

8:12AM Marvell upgraded at Lehman (MRVL) 38.16: Lehman upgrades to Overweight from Equal-Weight based on their belief that fundamentals remain solid as the co continues to take mkt share in storage ICs and is well positioned to continue to take part in the transition to Gigabit Ethernet; also, products in WLAN and consumer drives are new products that should provide continued top line growth into 2004. Raises target to $45 from $30.