{"id":9002,"date":"2009-05-28T22:43:45","date_gmt":"2009-05-29T02:43:45","guid":{"rendered":"tag:www.legitreviews.com:\/\/ab492c36c99da07f53925741de82eb87"},"modified":"2009-05-28T22:43:45","modified_gmt":"2009-05-29T02:43:45","slug":"marvell-technology-falls-to-a-loss-in-1st-quarter","status":"publish","type":"post","link":"https:\/\/computerhunter.us\/?p=9002","title":{"rendered":"Marvell Technology falls to a loss in 1st-quarter"},"content":{"rendered":"

Marvell Technology Group Ltd., which makes chips used in phone networks, said Thursday it fell to a loss in the fiscal first quarter as sales plunged 35 percent. The company lost $39.5 million, or 6 cents per share, in the quarter ended May 2, compared with net income of $69.9 million, or 11 cents per share, a year earlier.<\/p>\n

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Marvell said it would have earned $31.9 million, or 5 cents per share, after excluding $62 million in stock-based compensation expenses and write-offs of acquired intangible assets, plus other items. A year earlier, the comparable profit figure, which doesn't conform to generally accepted accounting principles, was $150.4 million, or 24 cents per share.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Marvell Technology Group Ltd., which makes chips used in phone networks, said Thursday it fell to a loss in the fiscal first quarter as sales plunged 35 percent. The company lost $39.5 million, or 6 cents per share, in the quarter ended May 2, compared with net income of $69.9 million, or 11 cents per share, a year earlier.<\/p>\n

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Marvell said it would have earned $31.9 million, or 5 cents per share, after excluding $62 million in stock-based compensation expenses and write-offs of acquired intangible assets, plus other items. A year earlier, the comparable profit figure, which doesn't conform to generally accepted accounting principles, was $150.4 million, or 24 cents per share.<\/p>\n<\/blockquote>\n

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