Marvell (NASDAQ: MRVL) these days announced the finishing touch of the sale of its Wi-Fi Connectivity business to NXP (NASDAQ: NXPI). The divestiture encompasses Marvell’s Wi-Fi and Bluetooth technology portfolios and associated assets.
- Intel Xeon Scalable Processors Drive Advanced Research in World’sFastest Academic Supercomputer
- QNAP Product Reliability Statement
- Silicon Power Blast Plug BP82
- ASUS Republic of Gamers Introduces New 300Hz Gaming Laptops at IFABerlin
- AMD Radeon Software Adrenalin Edition v19.9.1 Released
Updated Revenue Guidance
Marvell is updating its modern-day sector sales steering to reflect the Wi-Fi Connectivity commercial enterprise sale to NXP. The Company now anticipates fourth area FY20 revenue of $710 million +/- 3% vs. Authentic steerage for $750 million +/- three% as provided on the time of the 0.33 area profits statement on December 3, 2019.
