Investopedia: Marvell Seems Cheap But Long-Term Growth May Be A Concern

With the worst of the hard drive market disruptions behind it, Marvell Technology (Nasdaq:MRVL) should be looking at much easier comps and better growth in 2012. While the stock does look somewhat undervalued amongst its semiconductor peers, investors may want to give some thought to the company's long-run growth prospects when deciding whether this is a good trade or a long-term holding.

A Weak End to a Challenging Year  
With supply issues in hard drives messing up the storage market and inventory run-downs in the Chinese wireless market, this was not going to be a strong quarter for Marvell. Revenue fell 22% on a sequential basis, as surprisingly strong networking results (down 1%) made relatively little difference against a 21% decline in mobile/wireless and a 31% decline in storage. That said, none of this was really surprising.

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