SANTA CLARA, Calif.,
May 18, 2016 /PRNewswire/
-- Marvell Technology Group Ltd. (NASDAQ: MRVL), a global
leader in integrated silicon solutions, today announced that the
Board of Directors has approved a quarterly dividend payment of
$0.06 per share to all shareholders
of record as of June 14, 2016.
Marvell intends to pay the dividend on July 12, 2016.
Forward-Looking Statements under the Private Securities
Litigation Reform Act of 1995
This press release contains forward-looking statements within
the meaning of the federal securities laws that involve risks and
uncertainties, including expectations regarding the timing of
payment of declared or future dividends. Words such as
"anticipates," "expects," "intends," "plans," "believes," "seeks,"
"estimates," "can," "will" and similar expressions identify such
forward-looking statements. These statements are not
guarantees of results and should not be considered as an indication
of future activity or future performance. Actual events or results
may differ materially from those described in this press release
due to a number of risks and uncertainties, including, among
others, Marvell's results of operations, cash balances and future
cash requirements, financial condition, developments in ongoing
litigation, statutory requirements of Bermuda law and other factors that Marvell's
board of directors may deem relevant. For other factors that could
cause Marvell's results to vary from expectations, please see the
risk factors identified in the Marvell's latest Annual Report on
Form 10-K for the fiscal year ended January
31, 2015 and latest Quarterly Report on Form 10-Q for the
fiscal quarter ended May 2, 2015 as
filed with the SEC, and other factors detailed from time to time in
Marvell's filings with the SEC. Marvell undertakes no obligation to
revise or update publicly any forward-looking statements.
About Marvell
Marvell (NASDAQ: MRVL) is a global leader in providing complete
silicon solutions. From storage to cloud infrastructure, Internet
of Things (IoT), connectivity and multimedia, Marvell's diverse
product portfolio aligns complete platform designs with
industry-leading performance, security, reliability and efficiency.
At the core of the world's most powerful consumer, network and
enterprise systems, Marvell empowers partners and their customers
to always stand at the forefront of innovation, performance and
mass appeal. By providing people around the world with mobility and
ease of access to services, adding value to their social, personal
and work lives, Marvell is committed to enhancing the human
experience.
As used in this release, the term "Marvell" refers to Marvell
Technology Group Ltd. and its subsidiaries. For more information,
please visit www.Marvell.com.
Marvell® and the Marvell logo are registered trademarks of
Marvell and/or its affiliates.
For further
information, contact:
|
John Spencer
Ahn
|
Sue Kim
|
Investor
Relations
|
Media
Relations
|
408-222-7544
|
408-222-1942
|
johnahn@marvell.com
|
suekim@marvell.com
|
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SOURCE Marvell Technology Group Ltd.