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StockCall Research on Marvell Technology and Broadcom: Global Semiconductor Sales in 2012 Beat Expectations



 StockCall Research on Marvell Technology and Broadcom: Global Semiconductor
                       Sales in 2012 Beat Expectations

  PR Newswire

  LONDON, February 7, 2013

LONDON, February 7, 2013 /PRNewswire/ --

Global semiconductor sales for 2012 beat expectations, according to the
Semiconductor Industry Association (SIA). SIA's CEO Brian Toohey also said
that the industry is well-positioned for a successful 2013. This is good news
for semiconductor companies Marvell Technology Group Ltd. (NASDAQ: MRVL) and
Broadcom Corporation (NASDAQ: BRCM). StockCall analysts have completed
comprehensive technical analysis on Marvell Technology and Broadcom. These
free reports can be accessed by signing up now at
http://www.stockcall.com/todaysopinions

Semiconductor Industry Outperforms

Global semiconductor sales for 2012 were $291.6 billion, according to SIA.
This is the third highest annual sales ever for the industry. Although sales
fell 2.7% from 2011, the SIA said that total chip sales for 2012 exceeded the
forecast from the World Semiconductor Trade Statistics (WSTS).

More importantly, the industry saw robust sales in a challenging macroeconomic
environment. SIA CEO Toohey noted that despite substantial macroeconomic
challenges, the worldwide semiconductor industry outperformed forecasts and
posted one of its highest yearly sales totals in 2012.

In December, semiconductor sales were $24.7 billion. Sales for the fourth
quarter of 2012 were $74.2 billion, up 3.8% over the same period in the
previous year.

Americas and Asia/Pacific were the best performing regions in December. Toohey
noted that despite lingering economic and political uncertainty, the U.S.
semiconductor market continues to show signs of strength, posting impressive
growth in December. He added that recent momentum, led by strength in the
Americas, has the semiconductor industry well-positioned for a successful
2013.

Broadcom's Q4 Results

Last week, Broadcom reported its fourth quarter results. For the quarter ended
December 31, 2012, Broadcom reported net revenue of $2.08 billion, up 14.3% on
a year-over-year basis. Net revenue for 2012 was $8.01 billion, up 8.4% over
2011. Sign up today to download the free report on Broadcom at

http://www.StockCall.com/BRCM020713.pdf

Broadcom's net income for the fourth quarter of 2012 was $251 million, or
$0.43 per share. On a non-GAAP basis, the company reported fourth quarter net
income of $462 million, or $0.76 per share. Net income for the full-year 2012
was $719 million, or $1.25 per share on GAAP basis and $1.76 billion, or $2.92
per share on a non-GAAP basis.

Broadcom CEO Scott McGregor noted that the company delivered record revenue in
each of its three business groups and record cash flow from operations in
2012, reflecting its continued market share growth and economics.

Marvell Technology's Q4 Results Eyed

Investors are now waiting for Marvell Technology's fourth quarter results,
which will be released on Thursday, February 21, 2013. StockCall on the other
hand has already posted a free technical analysis on Marvell Technology, which
can be accessed at http://www.StockCall.com/MRVL020713.pdf  

For the third quarter, Marvell's results were impacted by the weakness in PC
demand. The softness in PC market due to the shift to mobile computing and
weak economic environment is hurting some semiconductor companies, including
Intel Corp. At the time of the release of its third quarter results, Marvell
Chairman and CEO Dr. Sehat Sutardja said that despite the near-term softness
in PCs, the company is focused on growing its overall storage business through
share gains in HDDs and growth in SSDs.

In the third quarter ended October 27, 2012, Marvell had reported revenue of
$781 million, down 4% on a sequential basis. The company's GAAP net income for
the third quarter was $69 million, or $0.12 per share, compared to $93
million, or $0.16 per share reported in the previous quarter. Non-GAAP net
income for the third quarter was $113 million, or $0.20 per share.

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