In the relatively short time since I last wrote on Marvell Technology (MRVL), the company's shares have done all right - rising about 3% and keeping pace with the SOX Index while modestly outperforming Qualcomm (QCOM) and Broadcom (BRCM).
I continue to have my concerns about the company's long-term
positioning in mobile/wireless, but the shares don't seem all that
expensive in a semiconductor sector that doesn't have too many bargains.
What's more, if the company gets a few breaks going its way (including
holding off rivals like MediaTek and Spreadtrum in China), there could be some worthwhile upside to my assumptions.
Read the full article here:
Marvell Moving On Mobile
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