Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 16 January 2014 10:36

Marvell not talking to financiers

Written by Nick Farrell



Agents of Shield say nothing to see here

Chipmaker Marvell has said it is not in talks with KKR on a major transaction such as a buyout. KKR reported a 6.8 percent stake in the company two weeks ago making many think that it might be headed for a buyout.

The chipmaker made the disclosure in a filing with the U.S. District Court in Pittsburgh, where it is defending against a lawsuit by Carnegie Mellon University alleging patent infringement in connection with computer disk drives. The case had not been going well. US District Judge Nora Barry Fischer rejected Marvell's bid to cut $620 million from a $1.17 billion jury verdict against the company.

Carnegie Mellon claimed that the KKR investment might herald "extraordinary corporate transactions" that could threaten the university's ability to collect a final judgment. However the court was told that Marvell has no present plans for an extraordinary corporate transaction such as a buyout, merger, reorganisation or liquidation and has not been in negotiations with KKR concerning such a transaction.

Marvell claimed that KKR's recent vote of confidence, expressed by increasing its investment in Marvell, only provides further testament to Marvell's financial strength.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments