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Marvell Added To FBR Top Picks List; A Lift From RIMM?

Posted on June 23, 2008

Craig Berger, chip analyst at Friedman Billings Ramsey, this morning added Marvell Technology (MVRL) shares to his firm s Top Picks list.Berger thinks the stock could get a lift on Wednesday from a May quarter earnings report by Research in Motion (RIMM), which he notes is the company s largest cellular chip customer. A strong quarter for RIMM, he contends, should also boost MRVL shares. Meanwhile, Berger believes the company s chips are inside the new Blackberry Bold, as well as in the yet-to-be announced touchscreen-enabled Blackberry Thunder. With new, compelling functionality and ...

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analyst , blackberry , cellular , earnings