Marvell Founders Receive 2004 Ernst & Young Entrepreneur of the Year Award
Dr. Sehat Sutardja, Ms. Weili Dai and Dr. Pantas Sutardja Collectively Awarded “Entrepreneur of the Year” in Networking and Communications Category
Sunnyvale, California (June 21, 2004) – arvell® (NASDAQ: MRVL), a technology leader in the development of extreme broadband communications and storage solutions, today announced that Dr. Sehat Sutardja, Ms. Weili Dai and Dr. Pantas Sutardja have been collectively named the 2004 Ernst & Young Entrepreneur of the Year, in the Networking and Communications category, by the professional services firm Ernst & Young LLP.
After a rigorous review process, the independent panel of 7 judges selected the Marvell founders as “Entrepreneur of the Year” based on their passion for innovation, technology leadership and business success. Dr. Sehat Sutardja, Ms. Weili Dai and Dr. Pantas Sutardja, along with other Ernst & Young Entrepreneur of the Year category winners, were selected from among 24 award finalists from Northern California, all of whom were acknowledged at an awards gala on Friday, June 18, in San Francisco, California.
“Dr. Sehat Sutardja, Ms. Weili Dai and Dr. Pantas Sutardja have truly built a world-class global semiconductor company as evidenced by their significant technology and product accomplishments as well as strong customer relationships,” stated Rick Fezell, Ernst & Young’s Emerging & Growth Markets leader. “Marvell consistently delivers innovative products and has proven their recipe for success.”
Marvell has built expertise in core areas of technology including mixed-signal circuit design methodologies, broadband signal processing algorithms, custom digital signal processors, and system-level solutions. Since the Company’s inception in 1995, Marvell’s strategy has been to apply its mixed-signal/digital signal processing technology expertise to the Data Storage, Communications, and more recently, Consumer, Wireless and Power Management markets. Marvell targets these high-volume markets, where its core competencies - performance, integration and quality - are key. The Company continues to invest considerable resources in developing new products and technologies, such as its newly announced embedded processors that offer higher performance for emerging embedded applications. This investment focus enables Marvell to deliver breakthrough technologies and innovative new products that raise industry speed, size and integration expectations.
“Marvell is honored to receive Ernst & Young’s prestigious Entrepreneur of the Year award,” stated Dr. Sehat Sutardja, Marvell’s President and CEO. "We would like to extend our appreciation to our Marvell Family of Directors, employees, customers, partners and investors -all of whom have played and will continue to play a critical role in the Company’s success.”
About The Ernst & Young Entrepreneur Of The Year® Awards Program
The Entrepreneur Of The Year awards program was created and is produced by professional services firm Ernst & Young LLP. As the first award of its kind, Ernst & Young Entrepreneur Of The Year recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program honors entrepreneurs through regional, national and global award programs in over 100 cities and 35 countries.
About Ernst & Young
Ernst & Young, a global leader in professional services, is committed to restoring the public’s trust in professional services firms and in the quality of financial reporting. Its 103,000 people in more than 140 countries around the globe pursue the highest levels of integrity, quality, and professionalism to provide clients with solutions based on financial, transactional, and risk-management knowledge in Ernst & Young's core services of audit, tax, and transaction advisory services. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to all the members of the global Ernst & Young organization.
Marvell (Nasdaq: MRVL) is the leading global semiconductor provider of complete broadband communications and storage 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 SysKonnect GmbH. MSI is headquartered in Sunnyvale, 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.
Marvell® and the Marvell logo are trademarks of Marvell. All other trademarks are the property of their respective owners.