TITLE

Dai's Downfall

AUTHOR(S)
Whelan, David
PUB. DATE
July 2007
SOURCE
Forbes Asia;7/2/2007, Vol. 3 Issue 12, p34
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the controversies facing Weili Dai, founder of Santa Clara, California-based chipmaker Marvell Technology. With 2.4 billion in sales over the past 12 months, the company has made her and other two founders Sehat and Pantas Sutardja, paper billionaires. In 2007, it became one of dozens snared in options-backdating investigations by the U.S. Securities & Exchange Commission. The founders paid the company $10 million to cover excess profits made on shares they have already sold.
ACCESSION #
26052296

 

Related Articles

  • Marvell pays $10M settlement to SEC. Deffree, Suzanne // Electronic News;5/12/2008, Vol. 54 Issue 19, p13 

    The article reports on a settlement Marvell Technology Group Ltd. went into with the U.S. Securities and Exchange Commission regarding its alleged stock-option backdating. It is informed that the firm paid $10 million for the settlement along with consenting to a permanent injunction should...

  • Mobile Connector. Flannery, Russell; Chen, Chloe; Mao, Elaine; Ngoi, Alex // Forbes Asia;Aug2010, Vol. 6 Issue 9, p78 

    The article presents information on Weili Dai from China, who went to the U.S. to study at the University of California at Berkeley in 1978, and later launched Marvell Technology Group Ltd., a semiconductor design company. It is stated that Dai wants to bring U.S. business to China for Marvell,...

  • Yulong Coolpad Launches New Android-based TD-SCDMA and WCDMA Smartphones for China Mobile and China Unicom Powered by Marvell's Unified ARMADA Mobile Quad-core Single-chip Solution.  // 2.5G-4G;Aug2013, Vol. 12 Issue 8, p5 

    The article reports on an announcement by Marvell Technology Group Ltd. regarding the launch of new Android-based Time Division Synchronous Code Division Multiple Access (TD-SCDMA) and Wideband Code Division Multiple Access (WCDMA) smartphones by Yulong Coolpad for China Mobile Ltd. and China...

  • Meet Marvell. Whelan, David // Forbes Asia;9/4/2006, Vol. 2 Issue 14, p142 

    The article offers information on Marvell Technology Group owned by Sehat Sutardja and his wife Weili Dai. The company purchased the mobile phone business of Intel. Marvell has dominated every market it has chosen to enter, with superior designs at a premium price. It knocked Texas Instruments...

  • Yulong Coolpad Launches New Android-based TD-SCDMA and WCDMA Smartphones for China Mobile and China Unicom Powered by Marvell's Unified ARMADA Mobile Quad-core Single-chip Solution.  // 2.5G-4G;Aug2013, Vol. 12 Issue 8, p5 

    The article reports on an announcement by Marvell Technology Group Ltd. regarding the launch of new Android-based Time Division Synchronous Code Division Multiple Access (TD-SCDMA) and Wideband Code Division Multiple Access (WCDMA) smartphones by Yulong Coolpad for China Mobile Ltd. and China...

  • Marvell Latest in Stock Option Scandal.  // Electronic News;7/10/2006, Vol. 52 Issue 28, p41 

    The article reports on investigation launched by the U.S. Securities and Exchange Commission (SEC) over alleged mishandling of stock options by Marvell Technology Group Ltd. In a July 3, 2006 the company had received a letter of informal inquiry from the SEC requesting certain documents...

  • Marvell posts $52.8M Q1 net loss as it pays for stock option misdeeds. Taylor, Colleen // Electronic News;7/16/2007, Vol. 53 Issue 29, p21 

    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...

  • Marvell Subject to Nasdaq Delisting. Taylor, Colleen // Electronic News;9/18/2006, Vol. 52 Issue 38, p38 

    The article reports on the delistment of Marvell Technology Group Ltd. from the Nasdaq stock market. The firm received a notice from Nasdaq that it is not in compliance with Nasdaq's marketplace rules, having failed to file its Form 10-Q to the U.S. Securities and Exchange Commission for the...

  • Marvell receives another Nasdaq delisting threat. Taylor, Colleen // Electronic News;4/9/2007, Vol. 53 Issue 15, p3 

    The article reports on the delisting notice issued by Nasdaq stock market to Marvell Technology Group Ltd. The company received a notice from Nasdaq following its late filing of annual report on Form 10-K to the U.S. Securities and Exchange Commission (SEC) for the fiscal year ended January 27,...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics