Marvell Technology "buy"

01/15/07 - D.A. Davidson & Co.

NEW YORK, January 15 (newratings.com) - Analyst Aalok K Shah of DA Davidson maintains his "buy" rating on Marvell Technology (MRVL). The 12-18 month target price is set to $28.

In a research note published on January 12, the analyst mentions that the company has not disclosed its HDD capabilities. Marvell Technology is unlikely to focus on its foray into the digital TV market during the forthcoming 12 months, the analyst says. The company appears to be making progress on its options related review and expects the review to be completed by mid-February, DA Davidson adds.