Marvell Technology Group Ltd. (Nasdaq: MRVL) Expects Lowered Revenues for Q3 FY 2009 on Weakening Demand, Obtains Lowered Price Target, Article Posted on BeaconEquity.com
Marvel Technology lowers its revenue outlook Monday, expecting revenue for the quarter ended November 1 to decline 6% to 7% from the previous quarter's total of $842.6 million; battered by lowered price targets from several analysts.
(EMAILWIRE.COM, November 05, 2008 ) DALLAS, Texas - BeaconEquity.com announces the publication of “Marvell Technology Group Ltd. (Nasdaq: MRVL) Expects Lowered Revenues for Q3 FY 2009 on Weakening Demand, Obtains Lowered Price Target.”
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m - Click on News and Commentary
In the article the author writes:
"The credit crisis and overall economic downturn is starting to hit the semiconductor industry as many market observers expect demand for electronic equipment to drop, dragging down several semiconductor companies to the bottom.”
Marvel re-evaluates revenue projections for third quarter 2009:
“Marvell Technology, a global semiconductor provider of application-specific standard products (ASSPs), is foreseeing a similar pattern. A reflection of a cloudy outlook, Marvel recently reported preliminary revenue would be below prior projections for the third quarter of fiscal year 2009, ended November 1, 2008.”
To read the entire article visit http://www.beaconequity.com/m – Click on News and Commentary
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Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m - Click on News and Commentary
In the article the author writes:
"The credit crisis and overall economic downturn is starting to hit the semiconductor industry as many market observers expect demand for electronic equipment to drop, dragging down several semiconductor companies to the bottom.”
Marvel re-evaluates revenue projections for third quarter 2009:
“Marvell Technology, a global semiconductor provider of application-specific standard products (ASSPs), is foreseeing a similar pattern. A reflection of a cloudy outlook, Marvel recently reported preliminary revenue would be below prior projections for the third quarter of fiscal year 2009, ended November 1, 2008.”
To read the entire article visit http://www.beaconequity.com/m – Click on News and Commentary
Join the fastest growing investor community at: http://www.stockhideout.com/
BeaconEquity.com’s Market News is one of the fastest growing small cap blogs in the investment community. Beacon is the authority on research in the small cap sector, and our analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.
We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas by visiting:
http://www.beaconequity.com/m
BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.beaconequity.com/m
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
Contact Information:
Beacon Equity Research
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Beacon Equity Research
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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