Single Digit Midgets No More?
DISK DRIVE INDUSTRY
Selected Trading Data

        9/17/01   5/29/02   8/15/02   12/11/02   5/29/03
          (1)       (2)      (3)        (4)        (5)

STX         -        -        -      $ 11.50      $ 15.15
MXO     $  5.09   $ 5.40    $ 4.34      5.90         7.36
WDC        2.87     4.63      5.20      7.34        12.43
RDRT       3.60     2.28      0.49      0.70         1.53
HTCH      16.43    16.52     15.99     22.58        29.98
INVX       2.45     5.90      2.25      4.25        10.93
VECO      24.05    28.97     14.21     12.24        18.65
IVAC       3.30     3.93      3.87      3.90         5.19
<font color=RED>
MRVL      20.45    31.62     17.38     21.71        31.69
</font>
1) First trading day after 9/11
2) Mayday, Mayday.............
3) Dead of Summer 2002
4) Seagate IPO
5) Most recent trading session

Source:  Yahoo/Multex

Long Overdue Repricing?
DISK DRIVE INDUSTRY
Selected Financial Data

         TTM                       Institutional   Insider/
        Sales   PSR    O/S   Beta   Ownership     5% Owners

STX    $6.41B   1.04   432M    NA      20%           83%
MXO     3.68B   0.46   245M  2.08      95%            0%
WDC     2.35B   0.93   198M  2.24      78%            1%   
RDRT     164M   0.47    24M  3.62      38%            7%
HTCH     464M   1.80    26M  1.85      95%            4%
INVX     134M   1.23    15M  1.86      28%            5%
VECO     284M   1.93    29M  2.28      86%           14%
IVAC      62M   1.98    12M  0.46      25%           53%
<font color=RED>
MRVL     505M   7.48   122M  4.80      61%           38%
</font>
BETA - The Beta used is Beta of Equity. Beta is the
monthly price change of a particular company relative 
to the monthly price change of the S&P500. The time
period for Beta is 5 years when available, and not
less than 2.5 years. This value is updated monthly.

Source:  Yahoo/Multex

From Marvell's 10K.   Storage products accounted 
for 56% of MRVL's FY2003 sales of $505M.

.......We expect that revenue from storage
products for fiscal 2004 will increase from 
the level of revenue from storage products 
we reported in fiscal 2003 due to  
increases in shipments and volume production
of our storage SOCs, which have been widely
adopted by the mobile computer sector and
which we expect to be adopted by the desktop 
computer sector during this fiscal year, and 
production volume shipments of new desktop 
design wins.


MARVELL (MRVL)
Sales Mix
2000 to 2003

          Storage**    Networking     Total Sales

2000*     $ 81M            Nil          $ 81M
2001       123M         $  21M           144M        
2002       164M           125M           289M
2003       285M           221M           505M

*June 2000 IPO
**Read channel/Preamplifiers