Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

UBS Financial Upgrades Marvell Technology Group

UBS Financial upgraded Marvell Technology Group (MRVL) to buy from neutral. UBS also raised its price target on the stock from $24 to $30.

Analyst Alex Gauna says his checks at the Intel Developers Forum indicate that Marvell's quarter is tracking to plan for 7% or better sequential sales growth. He notes that in addition to benefiting from improving seasonal factors, he learned the company's ramp of WiFi and power management products commenced in earnest.

He also learned that Intel (INTC) diverted engineering resources out of its Ethernet group to focus on its wireless initiatives; he believes this puts Marvell in a position to entrench its role as the physical layer device to Intel solutions.

Gauna raises his $1.10 calendar year 2005 EPS estimate to $1.15.

blog comments powered by Disqus