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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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From: Donald Wennerstrom	8/19/2011 10:26:36 AM
	1 Recommendation Read Replies (1) of 95530

Marvell Turnaround Looks To Be Taking Hold 9:16 (Dow Jones) Marvell Tech (MRVL) is a bright spot in what's shaping up to be another ugly day for Wall Street, rising premarket as F2Q results and this quarter's view wasn't as bad as some feared. Share of the chip maker had slid 19% this month and 35% for the year as MRVL struggled to gain traction in the smartphone market. JPMorgan says, "We are finally starting to see the ramp of the many new-product and market-share-gain opportunities that the MRVL team has been talking about for the last 12-18 months." It sets an December 2012 price target of $19; MRVL is up 7% premarket to $12.81.

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