SANTA CLARA, Calif.,
Sept. 28, 2015 /PRNewswire/
-- Marvell Technology Group Ltd. (NASDAQ: MRVL), a global
leader in integrated silicon solutions, today announced that the
Board of Directors has approved a quarterly dividend payment of
$0.06 per share to all shareholders
of record as of October 8, 2015.
Marvell intends to pay the dividend on October 22, 2015.
Forward-Looking Statements under the Private Securities
Litigation Reform Act of 1995
This press release contains forward-looking statements within
the meaning of the federal securities laws that involve risks and
uncertainties, including expectations regarding the timing of
payment of declared or future dividends. Words such as
"anticipates," "expects," "intends," "plans," "believes," "seeks,"
"estimates," "can," "will" and similar expressions identify such
forward-looking statements. These statements are not
guarantees of results and should not be considered as an indication
of future activity or future performance. Actual events or results
may differ materially from those described in this press release
due to a number of risks and uncertainties, including, among
others, Marvell's results of operations, cash balances and future
cash requirements, financial condition, developments in ongoing
litigation, statutory requirements of Bermuda law, the timing and outcome of the
Audit Committee's investigation and the conclusions of the Audit
Committee, actions that may be taken or required as a result of the
Audit Committee's investigation, actions by the United States
Securities and Exchange Commission ("SEC") or other regulatory
agencies in connection with the Audit Committee's investigation,
and the outcome of NASDAQ's review of Marvell's plan of compliance
and the timing and outcome of any NASDAQ decision and other factors
that Marvell's board of directors may deem relevant. For other
factors that could cause Marvell's results to vary from
expectations, please see the risk factors identified in the
Marvell's latest Annual Report on Form 10-K for the fiscal year
ended January 31, 2015 and latest
Quarterly Report on Form 10-Q for the fiscal quarter ended
May 2, 2015 as filed with the SEC,
and other factors detailed from time to time in Marvell's filings
with the SEC. Marvell undertakes no obligation to revise or update
publicly any forward-looking statements.
About Marvell
Marvell (NASDAQ: MRVL) is a global leader in providing complete
silicon solutions and Kinoma® software enabling the "Smart Life and
Smart Lifestyle." From mobile communications to storage, Internet
of Things (IoT), cloud infrastructure, digital entertainment and
in-home content delivery, Marvell's diverse product portfolio
aligns complete platform designs with industry-leading performance,
security, reliability and efficiency. At the core of the world's
most powerful consumer, network and enterprise systems, Marvell
empowers partners and their customers to always stand at the
forefront of innovation, performance and mass appeal. By providing
people around the world with mobility and ease of access to
services adding value to their social, private and work lives,
Marvell is committed to enhancing the human experience.
As used in this release, the term "Marvell" refers to Marvell
Technology Group Ltd. and its subsidiaries. For more information,
please visit www.Marvell.com.
Marvell® and the Marvell logo are registered trademarks of
Marvell and/or its affiliates.
For further information, contact:
John Spencer
Ahn
|
Sue Kim
|
Investor
Relations
|
Media
Relations
|
408-222-7544
|
408-222-1942
|
johnahn@marvell.com
|
suekim@marvell.com
|
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SOURCE Marvell Technology Group Ltd.