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

Taylor, Colleen
July 2007
Electronic News;7/16/2007, Vol. 53 Issue 29, p21
Trade Publication
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.


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