Feeds

Takeover gossip boosts Marvell shares

Spreading rumors for fun and profit

Protecting users from Firesheep and other Sidejacking attacks with SSL

The rumor mill helped Marvell buck a down day on the US market. Shares of the the chip maker jumped close to 5 per cent on speculation that it could be a takeover target via either TI or a leveraged buyout.

"I've heard lots of things," BWS Financial analyst Hamed Khorsand told the AP. "I've heard there may be a leveraged buy-out, I've also heard that Texas Instruments may be interested in buying them. Any stock that has fallen as much as Marvell makes for an attractive takeout target, especially with its revenue growth."

Marvell is well off its 52-week high of $36.84 per share. It ended trading on Friday up 4.5 per cent at $17.65.

The buyout speculation, however, appears to be just that. A number of analyst comments floating around the internet back up the gossip, although we've yet to find a shred of real evidence that a deal is in the works. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.