MRVL Lowers Guidance By Jay Somaney About this article: For Somaney's preview heading into the Marvell Technology conference call, please click here. Marvell Technology announced numbers that were in line with estimates. The company said that revenue was $791 million for its October quarter, while earnings came in at 23 cents a share (including 2 cents per share in other income) vs. the 21 cents per share consensus number. As I had expected, the company lowered guidance for the January quarter to an 8% to 13% sequential decline, which was weaker than prior guidance of a 5% to 10% quarter-over-quarter decline. The company attributed the lowered guidance to weakness in PC-related storage, WLAN/cellular and networking products. Enterprise business was weak as well, as per the company. Management said that the company will maintain its gross-margin levels by keeping operating expenses relatively flat. This will means relative earnings stability going forward, which is why the stock is up... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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