Legit News
Marvell Technology falls to a loss in 1st-quarter
Marvell Technology Group Ltd., which makes chips used in phone networks, said Thursday it fell to a loss in the fiscal first quarter as sales plunged 35 percent. The company lost $39.5 million, or 6 cents per share, in the quarter ended May 2, compared with net income of $69.9 million, or 11 cents per share, a year earlier.
Marvell said it would have earned $31.9 million, or 5 cents per share, after excluding $62 million in stock-based compensation expenses and write-offs of acquired intangible assets, plus other items. A year earlier, the comparable profit figure, which doesn't conform to generally accepted accounting principles, was $150.4 million, or 24 cents per share.
Posted by | Thu, May 28, 2009 - 09:43 PM
Search
Hot Topics
- when do the SATA III @6Gb/s hard drives come out?
- CPU Core Temps!
- Nvidia Tools
- What would be the max recomended video card for e8500
- Nvidia's fermi
- How to print my daughters’cell phone text messages out?
- friend needs help
- How to convert and edit video/audio files for iPod
- Problem installing XP
- Logitech MX 1100 Cordless Laser Mouse $19.99 after MIR