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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Results From This Blind Smartphone Camera Test Will Surprise You

Marques Brownlee, also known as MKBHD, hosted his third annual, 17-minute blind smartphone camera test featuring 20 new smartphones. The phones were grouped into a bracket that hid the phone names while the public voted for their favorites.

First of all, it’s important to note right from the start that this “test” is the furthest thing from scientific in nature.

“This isn’t a scientific test at all,” Brownlee says. “In fact, it’s kind of the opposite of a scientific test.”

The point of this playoff-style bracket isn’t to objectively claim one camera is better than another, but rather serves as a good case study for what people think makes a photo “good.” By the end, and after over 10 million total votes were cast, Brownlee was able to point out some interesting conclusions from the information he gathered.

The concept of the test is simple: Brownlee put together a seeded

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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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Light-activated sensor delivers precision results at room temperature — ScienceDaily

Inspired by the surface of butterfly wings, researchers have developed a light-activated hydrogen sensor that produces ultra-precise results at room temperature.

The technology can detect hydrogen leaks well before they pose safety risks and can measure tiny amounts of the gas on people’s breath, for diagnosing gut disorders.

Commercial hydrogen sensors only work at temperatures of 150C or higher, but the prototype developed by researchers at RMIT University in Melbourne, Australia, is powered by light instead of heat.

The sensor, based on bumpy microstructures that imitate the surface of butterfly wings, is detailed in a new study published in the journal ACS Sensors.

Co-lead researcher Dr Ylias Sabri said the prototype was scalable, cost-effective and offered a total package of features that could not be matched by any hydrogen sensor currently on the market.

“Some sensors can measure tiny amounts, others can detect larger concentrations; they all need a

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Experimental, simulation results reveal how coaxial, co-rotating rotors may lead to a quieter hover — ScienceDaily

Imagine a silent helicopter stealthily moving troops and supplies around a future battlefield. U.S. Army researchers look to helicopter noise reduction technology as a top priority in aircraft design.

At the U.S. Army Combat Capabilities Development Command, now known as DEVCOM, Army Research Laboratory, researchers collaborated with Uber and the University of Texas at Austin to investigate the acoustic properties of electric vertical takeoff and landing aircraft, which use distributed electric propulsion to power flight.

These eVTOL vehicles may aid the Army with important tasks such as aerial surveillance and cargo transport; however, they feature smaller rotors than traditional helicopters. As a result, eVTOL rotors may emit a different sound signature that researchers will have to take into consideration.

“The noise you hear from these smaller rotors is generated through fundamentally different physical mechanisms,” said Dr. George Jacobellis, Army research engineer at the laboratory’s Vehicle Technology Directorate. “Traditional modeling techniques

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Lab results don’t explain ‘obesity paradox,’ but bias may — ScienceDaily

Results of standard laboratory tests performed on adult outpatients to provide an overall picture of their health are fairly consistent between those with obesity and their leaner counterparts, investigators report.

The finding negates one rationale behind what’s called the “obesity paradox,” which is that people with obesity are known to be at increased risk for a host of health problems like diabetes and hypertension, but tend to do better with these conditions than their leaner peers, including when they get admitted to critical care for reasons like heart attack or stroke.

One thought was that patients with obesity end up in intensive care sooner because their laboratory results were already out of line with their thinner peers, and these acute health events push them higher, they report in The Journal of Applied Laboratory Medicine.

“People who have obesity also have more hypertension, they get more diabetes, they get more

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Rackspace Technology Global Announces Early Tender Offer Results

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

SAN ANTONIO, Nov 30, 2020 (GLOBE NEWSWIRE via COMTEX) —
SAN ANTONIO, Nov. 30, 2020 (GLOBE NEWSWIRE) — Rackspace Technology(TM) (NASDAQ: RXT) (the “Company”) today announced the early tender results for its previously announced tender offer (the “Tender Offer”) to purchase for cash any and all of its outstanding 8.625% Senior Notes due 2024 (the “Notes”). The Tender Offer is subject to the terms and conditions set forth in the Offer to Purchase, dated November 16, 2020, relating thereto (the “Offer to Purchase”).

As of the previously announced early tender deadline of 5:00 p.m., New York City time, on Monday, November 30, 2020 (the “Early Tender Time”), the Company has been advised by Global Bondholder Services Corporation, as Depositary for the Tender Offer, that $259,147,000 in aggregate principal amount, or approximately 49.91%, of the outstanding Notes had

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Oklahoma State vs. Texas Tech updates: Live NCAAF game scores, results for Saturday

Game Recap

The Oklahoma State Cowboys experienced an absolute beatdown Saturday but somehow put the pieces back together and came to play against the Texas Tech Red Raiders. Oklahoma State snuck past Texas Tech with a 50-44 win. The Red Raiders can consider this payback for the 45-35 loss they dealt the Cowboys the last time the teams encountered one another last October.

Oklahoma State’s offense rushed out of the gates and came up with 21 first-half points. Texas Tech wasn’t quite able to keep up, and the score was 21-17 heading into the break. The offense for Oklahoma State continued to do well in the second half, scoring another 29 points to put the game away.

RB Dezmon Jackson had only a few touches last week, but he got the ball a lot more this time and made it count. Jackson had a dynamite game for the Cowboys; he

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Ceapro Inc. Reports 2020 Third Quarter and Nine-Month Financial Results and Operational Highlights

– R&D activities focused on
advancing
the development of innovative delivery systems
and yeast beta glucan as a potential inhalable therapeutic for COVID-19


Q3 2020 sales
of $
3,4
7
6,000 compared to $
2,908
,000 for
Q3
2019,
representing
a
20
%
increase –

– Net profit of $
192
,000 for
Q
3
2020 vs. net loss of $
104
,000 for Q
3
2019 –


Cash generated from operations of
$
4,777
,000 in 2020 vs
.
$
1,321
,000 in 2019


Maintained production operations during COVID-19 pandemic
and completed integration of manufacturing sites

EDMONTON, Alberta, Nov. 27, 2020 (GLOBE NEWSWIRE) — Ceapro Inc. (TSX-V: CZO; OTCQX: CRPOF) (“Ceapro” or the “Company”), a growth-stage biotechnology company focused on the development and commercialization of active ingredients for healthcare and cosmetic industries, today announced financial results and operational highlights for the third quarter

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Datable Technology Corp. Announces Q3 2020 Financial Results

VANCOUVER, BC, Nov. 25, 2020 /CNW/ – Datable Technology Corp. (TSXV:DAC) (OTCQB:TTMZF) (the “Company” or “Datable” or “DTC”), a software company that provides a marketing automation platform called PLATFORM3 to global consumer brands, is pleased to announce its financial results for the quarter ended September 30, 2020 (“Q3 2020”).

For the nine months ended September 30, 2020, the Company achieved the following milestones:

  • Signed 27 new license agreements, compared to 22 agreements in the same period in 2019. Datable ended September 2020 with approximately $3.8 million of contracted revenues for PLATFORM³, which will be recognized as revenues in 2020 and subsequent periods.
  • Contracted revenues include the largest agreement in Datable’s history under which a leading provider of household products has contracted for approximately $1,000,000 in license fees and rewards to be delivered in late 2020 and early 2021 (see press release dated November 16, 2020).
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