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To: Lucretius who wrote (210204)	12/18/2002 8:36:50 AM
From: gravity rules	Respond to of 436258

"Reduce rating"...."cautious bias" 9x sales..Isn't that cheap nowadays? 7:53AM Marvell initiated with Reduce rating at UBS; target $17 (MRVL) 20.64: UBS Warburg initiates coverage with a Reduce rating and $17 price target; cautious bias is principally based on the potential for Gigabit Ethernet disruption from BRCM and INTC in a fiercely competitive mkt, and checks indicate pricing wars have heated up in the relatively new Gigabit Ethernet product cycle; also, firm believes that MRVL's impressive gains in the HDD segment are largely behind the co, and valuation is at an unwarranted premium to peers at 9x sales.