Marvell to Hold Third Quarter Conference Call to Discuss Limited Third Quarter Financial Results on November 16
Santa Clara, California (November 2, 2006) – arvell Technology Group Ltd. (NASDAQ: MRVL), a leader in storage, communications, and consumer silicon solutions, today announced that it will release financial results for the third fiscal quarter ended October 28 on November 16, 2006. Marvell will hold its quarterly conference call to discuss its third quarter results on Thursday, November 16, 2006, at 1:45 p.m. Pacific Time.
In light of the previously announced internal review by a special committee of its Board of Directors relating to the Company’s historical stock option practices and related accounting matters, the Company expects to only announce revenue results and not to be in a position to announce additional financial results until the special committee has completed its review and the Company has completed its expected restatement of its prior financial statements.
This call is being webcast by Thomson/CCBN and can be accessed at Marvell’s web site at www.marvell.com.
The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.
Marvell (NASDAQ: MRVL) is a leader in storage, communications and consumer silicon solutions. The Company’s diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms “Company” and “Marvell” refer to Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Marvell U.K. Limited, Marvell Semiconductor Israel Ltd. (MSIL), RADLAN Computer Communications Ltd., and Marvell Semiconductor Germany GmbH. MSI is headquartered in SunnyvaleSanta Clara, Calif., and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at (408) 222-2500 or at www.marvell.com.
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