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Marvell Technology Group, Ltd. (MRVL) [hlAlert]

Rating:
Neutral MRVL
down 32.71 %

Marvell Technology Group, Ltd. (MRVL) downgraded to Neutral by Credit Suisse

Posted on: Friday,  Oct 19, 2012  8:25 AM ET by Credit Suisse

Credit Suisse rated Neutral Marvell Technology Group, Ltd. (NASDAQ: MRVL) on 10/19/2012. Previously Credit Suisse rated Outperform Marvell Technology Group, Ltd. (NASDAQ: MRVL)
on 05/18/2009., when the stock price was $11.28. Since then, Marvell Technology Group, Ltd. has lost 32.71% as of 10/19/2012's recent price of $7.59.
If you would have followed the previous Credit Suisse's recommendation on MRVL, you would have lost 32.71% of your investment in 1250 days.

Marvell Technology is a leading designer, developer and supplier of mixed-signal and digital signal processing integrated circuit for high-speed, high-density, digital data storage and broadband digital data networking markets. The company's goal is to continue to support its customers in providing faster, better solutions to meet their customers' needs for increased bandwidth as communication solutions evolve. The company meets this goal with state-of-the-art chip solutions that enable data transfer in data storage devices and networking applications.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/19/2012 8:25 AM Hold
None
7.59
as of 12/31/2012
1 Week   
1 Month   
3 Months down  -17.04 %
1 YTD down  -45.19 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/18/2009 9:25 AM Buy
None
11.28 14.00
9/4/2008 8:25 AM Hold
None
11.97

(*) Stock Price at the time of the recommendation.
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