TITLE

Marvell posts $52.8M Q1 net loss as it pays for stock option misdeeds

AUTHOR(S)
Taylor, Colleen
PUB. DATE
July 2007
SOURCE
Electronic News;7/16/2007, Vol. 53 Issue 29, p21
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Marvell Technology Group Ltd. posted $52.8 million first quarter (Q1) net loss as it paid for stock option misdeeds. It says that after months of delays due to the company's recently uncovered history of fraudulent stock options grants, Marvell completed and filed with the U.S. Securities and Exchange Commission (SEC) its quarterly report on Form 10-Q for the quarter ended April 28, 2007.
ACCESSION #
25900898

 

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