SANTA CLARA, Calif.,
March 16, 2016 /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 March 29, 2016.
Marvell intends to pay the dividend on April 22, 2016.
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 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
storage to 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.