Form: 8-K

Current report

April 6, 2001

EXHIBIT 99.1

Published on April 6, 2001



Exhibit 99.1

NEWS RELEASE


MARVELL TECHNOLOGY GROUP LTD. UPDATES FIRST QUARTER AND FISCAL 2002 OUTLOOK

Sunnyvale, CA. (April 5, 2001) - Marvell Technology Group Ltd. (NASDAQ: MRVL), a
technology leader in the development of extreme broadband communications
solutions, today updated its financial outlook for the first quarter and fiscal
2002.

"With the current slowdown in the U.S. economy, customers have taken additional
actions to manage their inventory levels, leading to a higher level of new order
delays and reschedules to existing orders that Marvell had not originally
anticipated," stated Dr. Sehat Sutardja, Marvell President and CEO. "As such,
the Company is updating its financial forecast for the first quarter and fiscal
2002 to better reflect current market conditions."

"Currently, we anticipate revenues for the first quarter of fiscal 2002 to be
approximately $64 million, a decrease of 10% from our previous guidance. Due to
the reduction in Q1 revenue, we anticipate pro forma diluted earnings per share
for Q1 to be approximately $0.04. For fiscal 2002, we now expect our revenue to
be in the range of $280 million to $290 million, with diluted earnings per share
in the range of $0.22 to $0.25."

Added Dr. Sutardja, "While Marvell is currently very cautious about the near
term market conditions, we believe that with our current product offerings and
products scheduled to be introduced over the next several quarters, combined
with the continuing high level of design win activity from our customers, we are
well-positioned in both our storage and communications markets to effectively
respond to customer demand. In addition, Marvell continues to invest in research
and development in new emerging market areas for longer term revenue growth."

There will be no conference call in conjunction with this announcement.
Marvell's first quarter fiscal 2002 financial results will be released on May
17th, 2001 after the close of market. During our earnings release conference
call, we will provide additional guidance for the second quarter of fiscal 2002.



ABOUT MARVELL

Marvell, a technology leader in the development of extreme broadband
communications solutions, comprises Marvell Technology Group Ltd. (MTGL) and its
subsidiaries, Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd. (MAPL),
Marvell Japan K.K. (MJKK), and Galileo Technology Ltd. (GTL). On behalf of MTGL,
MSI designs, develops and markets integrated circuits utilizing proprietary
Communications Mixed-Signal Processing (CMSP) and digital signal processing
technologies for communications signal processing markets. MAPL is headquartered
in Singapore and


is responsible for Marvell's production and distribution operations. GTL
develops high-performance communications Internetworking and Switching products
for the broadband communications market. As used in this release, the terms
"Company" and "Marvell" refer to the entire group of companies. The Company
applies its technology to the extreme broadband communications market where its
products are used in network access equipment to provide the interface between
communications systems and data transmission media. MSI is headquartered at 645
Almanor Ave., Sunnyvale, Calif., 94085; phone: (408) 222-2500, fax: (408)
328-0120.



SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995:

This release may contain forward-looking statements based on our current
expectations, estimates and projections about our products, our industry, our
markets, management's beliefs, and certain assumptions made by us regarding our
first fiscal quarter ending April 28, 2001 and other matters. Words such as
"anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates,"
"may," "will," "should," and variations of these words or similar expressions,
are intended to identify forward-looking statements. In addition, any statements
that refer to expectations, projections or other characterizations of future
events or circumstances, including any underlying assumptions, are
forward-looking statements. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and assumptions that
are difficult to predict. Therefore, market results may differ materially and
adversely from those expressed in any forward-looking statements in this
release.

Important risks, uncertainties and assumptions that may cause such a difference
for Marvell include, but are not limited to, the timing, cost and successful
completion of technology and product development through volume production; the
timing, rescheduling or cancellation of significant customer orders; general
economic conditions and specific conditions in the markets we address, including
periodic downturns in the integrated circuit industry; the rate at which our
present and future customers and end-users adopt and utilize our products; the
timing and results of customer-industry qualification and certification of our
products; and, the timing, pricing, rescheduling, and/or cancellation of
significant customer orders.

For other factors that could cause the Company's results to vary from
expectations, please see the `Risk Factors' section of Marvell's joint
proxy/prospectus on Form S-4 relating to the Company's recent transaction with
Galileo and the Company's Quarterly Report on Form 10-Q for the quarter ended
October 28, 2000.

We undertake no obligation to revise or update publicly any forward-looking
statements for any reason.