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SEC Filings

10-Q
MARVELL TECHNOLOGY GROUP LTD filed this Form 10-Q on 06/01/2012
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MARVELL TECHNOLOGY GROUP LTD.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

 

     Three Months Ended  
     April 28,
2012
     April 30,
2011
 

Net revenue

   $ 796,351       $ 802,402   

Operating costs and expenses:

     

Cost of goods sold

     366,322         334,475   

Research and development

     255,970         242,537   

Selling and marketing

     40,066         38,152   

General and administrative

     25,705         24,784   

Amortization and write-off of acquired intangible assets

     14,355         14,341   
  

 

 

    

 

 

 

Total operating costs and expenses

     702,418         654,289   
  

 

 

    

 

 

 

Operating income

     93,933         148,113   

Interest and other income (expense), net

     1,057         (218
  

 

 

    

 

 

 

Income before income taxes

     94,990         147,895   

Provision for income taxes

     447         1,034   
  

 

 

    

 

 

 

Net income

   $ 94,543       $ 146,861   
  

 

 

    

 

 

 

Net income per share:

     

Basic

   $ 0.16       $ 0.23   
  

 

 

    

 

 

 

Diluted

   $ 0.16       $ 0.22   
  

 

 

    

 

 

 

Weighted average shares:

     

Basic

     580,024         638,946   
  

 

 

    

 

 

 

Diluted

     594,739         657,140   
  

 

 

    

 

 

 

See accompanying notes to unaudited condensed consolidated financial statements.

 

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