The Information Technology 100
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.
|Return on Equity||7.4%|
|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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