Marvell Reports 11% Sequential Jump in Revenues to $150.8 million

Marvell Technology Group reported record quarterly revenue of $150.8 million, an increase of 82% over net revenue of $82.8 million and an 11% increase over the previous quarter. Net loss (GAAP), including acquisition-related expenses and special charges, was $24.2 million, or $0.20 per share. The company said it has expanded its market share in wireless LAN, enterprise and desktop switching as well as Gigabit Ethernet, including transceivers, NIC and motherboard LAN solutions.
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