Marvell Scores a Fabless "Hat Trick"
Company Recognized as the FSA’s Most Respected Public Fabless Company and for Outstanding Financial Performance
Santa Clara, California (December 9, 2005) – arvell, (NASDAQ: MRVL), the leader in storage, communications, and consumer silicon solutions, has been awarded three prestigious industry awards from FSA, the industry association which is the voice of the global fabless business model. Every year FSA recognizes the innovators in the fabless semiconductor industry which have demonstrated excellence through their success, vision, and strategy. At the FSA awards dinner on December 8th in Santa Clara, Marvell was recognized with the following awards:
- Most Respected Public Fabless Company
- Outstanding Financial Performance by Public Fabless Company
- Favorite Fabless Pick - Arnab Chanda, Lehman Brothers
“Marvell is honored to receive these prestigious awards and recognition from the FSA, our industry peers, customers and suppliers,” said Dr. Sehat Sutardja, Marvell’s President and CEO. “We are proud that we have built a very solid company thanks to the hard work and dedication of our employees. Our success is a result of our world class technologies, the best business practices, and strong partnerships with our customers and suppliers.”
With 32 consecutive quarters of sequential revenue growth, and counting, Marvell has built a very strong financial track record and expanded into a number of growing, exciting high-volume applications for both consumer and enterprise markets.
Marvell (NASDAQ: MRVL) is the 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 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.
FSA is the voice of the global fabless business model. Incorporated in 1994, FSA positively impacts the growth and return on invested capital of this business model to enhance the environment for innovation. It provides a platform for meaningful global collaboration between fabless companies and their partners; identifies and articulates opportunities and challenges to enable solutions; and provides research, resources, publications and survey information. Members include fabless companies and their supply chain and service partners, representing more than 21 countries across the globe. www.fsa.org
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This release contains forward-looking statements based on projections and assumptions about our products and our markets. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should," and their variations identify forward-looking statements. Statements that refer to, or are based on projections, uncertain events or assumptions also identify forward-looking statements. These statements are not guarantees of results and are subject to risks and uncertainties. Some risks and uncertainties that may adversely impact the statements in this release include, but are not limited to, the timing, cost and successful completion of development and volume production, end-customer qualification and adoption, and the timing, pricing, rescheduling, or cancellation of orders. For other factors that could cause Marvell's results to vary from expectations, please see the sections titled “Additional Factors That May Affect Future Results” in Marvell's annual report on Form 10-K for the fiscal year ended January 31, 2004 and Marvell’s subsequent reports on Form 10-Q. We undertake no obligation to revise or update publicly any forward-looking statements.
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