Marvell Technology Group Ltd. (MRVL) CEO Matt Murphy on Q3 2021 Results – Earnings Call Transcript

Marvell Technology Group Ltd. (NASDAQ:MRVL) Q3 2021 Earnings Conference Call December 3, 2020 4:45 PM ET

Company Participants

Ashish Saran – VP, IR

Matt Murphy – President and CEO

Jean Hu – CFO

Conference Call Participants

Toshiya Hari – Goldman Sachs

Vivek Arya – Bank of America Merrill Lynch

Timothy Arcuri – UBS

C. J. Muse – Evercore

Blayne Curtis – Barclays

John Pitzer – Credit Suisse

Ross Seymore – Deutsche Bank

Tore Svanberg – Stifel

Harlan Sur – JP Morgan

Christopher Rolland – Susquehanna

Srini Pajjuri – SMBC

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Q3 Fiscal 2021 Marvell Technology Group Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded. [Operator Instructions]

I would now like to hand

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Marvell Technology Group Ltd. Reports Third Quarter of Fiscal Year 2021 Financial Results

SANTA CLARA, Calif., Dec. 3, 2020 /PRNewswire/ — Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the third quarter of fiscal year 2021.

Revenue for the third quarter of fiscal 2021 was $750 million. GAAP net loss for the third quarter of fiscal 2021 was $(23) million, or $(0.03) per diluted share. Non-GAAP net income for the third quarter of fiscal 2021 was $168 million, or $0.25 per diluted share. Cash flow from operations for the third quarter was $258 million.

On October 29, 2020, Marvell Technology Group Ltd. announced the execution of a definitive agreement to acquire Inphi Corporation with cash and stock consideration. The transaction is expected to close by the second half of calendar 2021, subject to the approval of Marvell and Inphi shareholders and the satisfaction of customary closing conditions, including

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KULR Technology Group to Present on its Next-Gen Thermal Management Technologies at Benzinga Global Small Cap Conference on Wednesday, December 9

Press release content from Accesswire. The AP news staff was not involved in its creation.

SAN DIEGO, CA / ACCESSWIRE / December 2, 2020 / KULR Technology Group, Inc. (OTCQB:KULR) (the “Company” or “KULR”), a leading developer of next-generation thermal management technologies, will be presenting at the upcoming virtual Benzinga Global Small Cap Conference on Wednesday, December 9, 2020, at 12:15 PM EST.

Michael Mo, CEO of KULR, will provide an overview of the company and an update on recent strategic developments. He will also be hosting virtual one-on-one investor meetings. Complimentary investor registration and virtual one-on-one meeting requests can be accessed through the conference link below.

Event registration link: Benzinga Global Small Cap Conference

Presentation date: December 9, 2020

Presentation time: 12:15 PM EST

The inaugural Benzinga Global Small Cap Conference will be held on December 8 and 9, 2020, in an entirely virtual

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Data Center Blade Server Market 2020 Emerging Trends, Technology and Demand – Cisco Systems Inc., SGI Corporation, Lenovo Group Limited, Dell Inc

The MarketWatch News Department was not involved in the creation of this content.

Dec 02, 2020 (Market Insight Reports) —
Global Data Center Blade Server Market 2020 by Company, Regions, Type and Application, Forecast to 2025

The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Data Center Blade Server Market on the basis of stating current situation of the industry in 2020.

This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. It offers critical information pertaining to the current and future growth of the market.

Market Overview

The global Data Center

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XpresSpa Group Appoints David Kohel to Newly Created Chief Technology Officer Position

The MarketWatch News Department was not involved in the creation of this content.

NEW YORK, Dec 01, 2020 (GLOBE NEWSWIRE via COMTEX) —
NEW YORK, Dec. 01, 2020 (GLOBE NEWSWIRE) — XpresSpa Group, Inc. (Nasdaq: XSPA) (“XpresSpa” or the “Company”), a health and wellness company, today announced that it has named David Kohel as its Chief Technology Officer, a newly created position at the Company. In this role, he will be responsible for all aspects of developing technology to support the Company’s long-term opportunity of building the leading global Travel Health and Wellness brand.

“David is a great addition to our leadership team and brings to us extensive technology experience in driving innovation along with demonstrated success,” said Doug Satzman, XpresSpa Group CEO. “His customer-centric approach aligns perfectly with our vision of creating a new business that leverages our historic Travel Wellness experience and new-found Healthcare expertise, enabling us as

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Voi Technology Raises $160 million in New Funding Led By The Raine Group To Accelerate the Company’s Geographic and Fleet Expansion

Stockholm, Dec. 01, 2020 (GLOBE NEWSWIRE) — Voi, Europe’s leading micro mobility company, has raised $160 million in new funding led by The Raine Group, helping the company cement its leadership within Europe’s rapidly evolving micro-mobility transportation sector. World-class investors, including VNV Global, Balderton, Creandum, Project A, Inbox, Nordic Ninja, and sustainability-focused investors, including Stena Sessan, also participated in the round and were joined by top entrepreneurs and executives to global companies, including Delivery Hero, Klarna, iZettle, Zillow, Kry/Livi and Amazon.

In connection to the funding, Voi has secured the industry’s first asset-backed debt facility at scale, which will be directed towards scooters and e-bikes in 2021.

The last 12 months have been a landmark year for e-scooters, as consumers look for new alternatives to move around Europe’s biggest cities in a convenient, sustainable, quick and safe way. With major new markets, including the UK, opening up to e-scooter mobility

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Hyundai Motor Group Reveals New Dedicated EV Platform

Hyundai Motor Group (HMG) is hardly new to producing electrified vehicles. In fact it even has a platform that is specifically designed for that purpose that underpins the current Hyundai Ioniq and Kia Niro. But that platform is actually a compromise that was designed to be available with hybrid, plug-in hybrid and battery electric (BEV) powertrains. With its new Electric-Global Modular Platform (E-GMP), Hyundai is following in its footsteps of rivals such Volkswagen Group, GM and Ford in developing an architecture fully optimized for BEVs.

These modern BEV platforms reverse one of the most prevalent trends of the last 40 years with the

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The Firmament Group Invests in Angstrom Technology

NEW YORK, Dec. 1, 2020 /PRNewswire/ — The Firmament Group (“Firmament”), a leading provider of tailored debt and equity capital solutions to small- and medium-sized enterprises (SMEs), announced today an investment in Angstrom Technology (“Angstrom” or the “Company”).  Angstrom designs, builds, and services fully customizable modular cleanrooms for the aerospace, defense, technology, pharmaceutical, automotive, healthcare, and industrial end markets.  The Company completes turnkey and built-to-spec projects that give customers a high level of control over airborne and surface particulates to manufacture, test, and assemble products in a safe and clean environment. 

As a provider of bespoke capital solutions, Firmament made a debt investment in the Company in partnership with ASGARD Partners & Co., LLC (“ASGARD”), a New York-based private equity firm, which will acquire a controlling interest in Angstrom. Modern Bank, a provider of cash flow based senior debt to companies across the lower and middle markets, also

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Harvard’s Wyss Institute licenses its eRapid technology to The iQ Group Global

IMAGE

IMAGE: eRapid is an electrochemical sensing platform that uses a novel antifouling coating to enable low-cost, multiplexed detection of a wide range of biomolecules for diagnostics and other applications.
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Credit: Credit: Wyss Institute at Harvard University

(BOSTON) — Today, the Wyss Institute for Biologically Inspired Engineering at Harvard University announced that its eRapid technology has been licensed to The iQ Group Global for COVID-19 diagnostic applications. The Australian consortium will integrate the biomarker detection technology with its transistor technology to enable specific and sensitive SARS-CoV-2 testing in addressing the global diagnostic gap in the rampant coronavirus pandemic. The licensing agreement was coordinated by Harvard’s Office of Technology Development (OTD) in accordance with the University’s commitment to the COVID-19 Technology Access Framework.

Developed in a cross-disciplinary team effort led by the Wyss’ Founding Director Donald Ingber, M.D., Ph.D., and Wyss Senior Staff Scientist Pawan Jolly, Ph.D., the eRapid technology

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Skandinaviska Enskilda Banken AB publ Sells 4,969 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)


Skandinaviska Enskilda Banken AB publ lowered its position in The Liberty SiriusXM Group (NASDAQ:LSXMK) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,286 shares of the technology company’s stock after selling 4,969 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in The Liberty SiriusXM Group were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clear Harbor Asset Management LLC bought a new stake in shares of The Liberty SiriusXM Group during the third quarter valued at approximately $26,000. Flagship Harbor Advisors LLC raised its stake in The Liberty SiriusXM Group by 72.0% in the second quarter. Flagship Harbor Advisors LLC now owns 2,048 shares of the

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