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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 Return72.4%
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 Capital IQ
Sehat Sutardja

Sehat Sutardja

AGE: 43

Titles

Chairman of the Board, President and Chief Executive Officer

CEO Bio >

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


Data provided by Capital IQ
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