|
|
Article: Marvell Technology Updates Outlook for Fiscal Third Quarter.
- Article from:
- Journal of Technology
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Marvell Technology Group Ltd. (NASDAQ:MRVL), a leader in storage, communications and consumer silicon solutions, today updated its financial outlook for the third quarter of fiscal 2010, ending October 31, 2009.
Marvell currently projects net revenue for the third quarter of fiscal 2010 to increase to a range of $760 million to $775 million, an increase of 19 to 21 percent sequentially from net revenue of $641 million reported for the second quarter of fiscal 2010, ended August 1, 2009. The increase in projected revenues is due to broad improvement in demand within multiple end markets.
The outlook for revenue in the third quarter of fiscal 2010 was ...