
Marvell Technology Group Ltd. reported preliminary revenue of $711 million for the second quarter of its fiscal year 2016, ended August 1, 2015, down from $961.5 million a year earlier. There was a preliminary GAAP net loss of $382 million, or diluted loss per share of $0.74.
The company also announced that the Audit Committee of the company's Board of Directors is conducting an independent investigation of certain accounting and internal control...