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Thursday, May 29, 2008

Marvell (MRVL) better

They beat revenue estimates by roughly 20mm. Non-gaap gross margins were substantially better at 52% versus last quarter at 48.7% and consensus of 49%. This led to major upside on the bottom line. There's a 24 mil gain against operating expenses but despite that, operating income is over 30% better than projections. No guidance yet. I'm offering a chunk at 16.6 where the chart says I need to make a sale.

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