Company Profile For Marvell Technology Group Ltd.

Marvell Technology Group Ltd. is a fabless semiconductor provider of application-specific standard products. The Company develops complex system-on-a-chip (SoC) devices using its technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing and embedded ARM-based microprocessor integrated circuits. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), handheld cellular, Ethernet-based wireless networking, personal area networking, Ethernet-based personal computer (PC) connectivity, control plane communications controllers, video-image processing and power management solutions. Its products serve diverse applications used in carrier, metropolitan, enterprise and PC-client data communications and storage systems. In addition, the Company serves the consumer electronics market for the convergence of voice, video and data applications.

BRIEF: For the six months ended 1 August 2009, Marvell Technology Group Ltd.'s revenues decreased 29% to $1.16B. Net loss totaled $53M vs. an income of $141.3M. Revenues reflect a decrease in demand for the Company's products & services. Net loss also reflects the presence of restructuring charges, an increase in general & administrative expenses, the presence of restructuring charges and lower interest & other income.