The Information Technology 100
89
Marvell Technology Group
Marvell Technology group was already doing quite well, thank you, selling its signal-processing chips to makers of disk drives and networking gear. Profits in the fiscal year ended Jan. 29 jumped 211%, to $142 million, on sales of $1.2 billion, up 49%. So when founder and CEO Sehat Sutardja decided to move into consumer electronics two years ago, it looked like a risky bet. Now, it's paying off.
With high-profile wins, including Sony's PSP machine, Microsoft's Xbox 360, and Nokia mobile phones, Marvell's consumer-electronics sales have risen from 15% of revenues last year to 25% in the first quarter. But the consumer-electronics business has notoriously thin margins, so the key challenge will be keeping profits perking as Marvell aims to boost that ratio to 50% by the end of 2007.
Company Info
| STOCK INFO | MRVL |
| Revenues* | $1.3 BILLION
|
| Revenue Growth | 43.3%
|
| Return on Equity | 7.4%
|
| Total Return | 72.4%
|
| Profits* | $190.7 MILLION
|
| Industry | SEMICONDUCTORS
|
| CORPORATE WEB SITE
|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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Company Snapshot
Marvell Technology Group Ltd. provides various semiconductors, such as analog, mixed-signal, and digital signal processing integrated circuits. In addition, the company also designs integrated circuits that perform the critical functions in converged network systems. Further, it also introduced integrated circuits that perform the management of power within electronic devices. The company’s products include witching, transceiver, wireless, personal computer connectivity, gateways, communications controller, and storage and power management solutions that serve various applications used in business enterprise, consumer electronics, and emerging markets. Its products enable the customers to store and move digital data by using media infrastructures or wireless. These products are also used for transmitting and recovering digitally converted analog signals to and from various types of broadband communications media. The company primarily operates in Bermuda, Israel, China, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan, and the United States. Marvell Technology Group was founded and incorporated in 1995. The company is headquartered in Sunnyvale, Calif.
No. of Employees
1,917
Data provided by 
Sehat Sutardja
Bio
Sehat Sutardja Ph.D. is one of Marvell Technology Group Ltd.'s co-founders, has been the President since inception and Chief Executive Officer since 1995 and serves as Member of Corporate Governance and Stock Option Committee. Dr. Sutardja serves as Chairman of Marvell Technology Group Ltd. and previously served as Co- Chairman since 1995. In addition, Dr. Sutardja has been serving as the President, Chief Executive Officer and a Director of Marvell Semiconductor Inc., subsidiary of Marvell Technology Group Ltd., since its inception. From 1989 until 1995, Dr. Sutardja served as a manager and principal project engineer at 8x8, Inc., a designer and manufacturer of digital communications products. Dr. Sutardja holds Master of Science and Ph.D. degrees in Electrical Engineering and Computer Science from the University of California at Berkeley.
AGE: 43
Titles
Chairman of the Board, President and Chief Executive Officer
Total Compensation*
$536,500
Total Value of Options**
$ 51.7 MILLION
Degrees Held
University of California Berkeley (MS, PhD)
* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year
Key Executives
Sehat Sutardja, Weili Dai, Pantas Sutardja, George Hervey
Board Members
Sehat Sutardja, Kuo Wei Chang, John M. Cioffi, Paul R. Gray, Douglas King, Weili Dai, Pantas Sutardja
