12/15/2003 - Marvell® (NASDAQ: MRVL), a technology leader in the development of extreme broadband communications and storage solutions, announced that the Fabless Semiconductor Association (FSA) and Lehman Brothers chose Marvell as its Favorite Fabless Pick at the FSA’s Anniversary Dinner Celebration on December 4, 2003.
The FSA invited three leading analysts to select and present an award to their favorite fabless company. Dan Niles, analyst, Lehman Brothers, chose Marvell. This award is given every year to the favorite fabless semiconductor company based on historical and product performance as well as projected data, such as stock price, earnings per share, revenue and forecasts. Marvell has performed 24 consecutive quarters of revenue growth and showed more than 8 consecutive quarters of greater than 10% sequential revenue growth.
“The ‘Favorite Fabless Pick’ award enables leading analyst firms to recognize top public fabless semiconductor companies based on past revenue and projected future performance,” said Jodi Shelton, executive director and co-founder of the FSA. “Marvell is a well-respected company in the fabless sector and we are happy to recognize the Company’s financial achievements.”
“We are honored to receive this prestigious award from the Fabless Semiconductor Association”, said Dr. Sehat Sutardja, Marvell’s CEO and Co-founder. “This award is once again a trophy to our dedication and persistence of excellence achieved through technological and financial leadership.”
Marvell (NASDAQ: MRVL) is the leading global semiconductor provider of complete broadband communications and storage solutions. The Company’s diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. As used in this release, the terms “Company” and “Marvell” refer to Marvell Technology Group Ltd. and its subsidiaries, including Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd. (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Marvell U.K. Limited, Marvell Semiconductor Israel Ltd. (MSIL), RADLAN Computer Communications Ltd., and SysKonnect GmbH. MSI is headquartered in Sunnyvale, Calif., and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at (408) 222-2500 or at www.marvell.com.
Marvell® and the Marvell logo are trademarks of Marvell.
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