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Technology Stocks : Marvell Technology Group {MRVL} -- Ignore unavailable to you. Want to Upgrade?

To: Howard Bennett who wrote (67)	4/4/2001 12:37:23 PM
From: Howard Bennett	Respond to of 162

Marvell Technology Group (MRVL): Initiating Coverage with a Buy Rating NASDAQ: MRVL Rating: BUY (We anticipate the stock will outperform its peer group over the next 12 months.) Sector: Communications Components Price Target: $16.00 We are initiating coverage of Marvell Technology with a Buy rating and 12-month price target of $16. We are adopting a more positive stance toward the communications chip group and recommend investors take a "buy on weakness" approach over the next 3-6 months to participate in what we believe will be an industry upturn starting later this year. We are introducing fiscal 2002 (starting in the April 2001 quarter) revenue and EPS estimates for Marvell Technology of $287 million and $0.26, respectively. We are introducing fiscal 2003 revenue and EPS estimates of $374 million and $0.45, respectively. wrhambrecht.com