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Tuesday, October 03, 2006

Expect Weakness In Semi

Marvell (MRVL) shook the after hours trading when it reduced 3Q07 rev guidance & its Board of Directors has concluded that the co. would need to restate historical financial statements. Stock trading down 18%. According to Briefing.com, the anticipated decline in net rev is largely due to lower than expected demand from a number of the co's hard disk drive customers.

Trading down in sympathy is Broadcom (BRCM).


Expect this news to dominate weakness in Nasdaq & SOX tonite when U.S market opens.

posted by Simply Options Trader at 10:06 AM PERMALINK


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