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MRVL » Topics » 11. Commitments and Contingencies

This excerpt taken from the MRVL 10-K filed Apr 1, 2009.

Note 12 — Commitments and Contingencies:

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Warranty Obligations

The
Company’s products typically carry a standard 90 day warranty with certain exceptions in which the warranty period can range from one to five years. The following table presents changes in the warranty accrual included in accrued liabilities in
the Company’s consolidated balance sheet during fiscal 2009, 2008 and 2007, respectively (in thousands):

 






















































































































   Years Ended 
   January 31,
2009		  February 2,
2008		  January 27,
2007		 

Beginning balance

  $2,532  $2,567  $3,914 

Warranties issued

   876   1,493   479 

Settlements

   (1,315)  (1,528)  (1,826)
             

Ending balance

  $2,093  $2,532  $2,567 
             
This excerpt taken from the MRVL 8-K filed Jul 2, 2007.

11. Commitments and Contingencies

In connection with the Asset Purchase Agreement, certain contracts were assigned to Marvell. These contracts include future payments and contractual obligations that are contingent upon the achievement of certain milestones. Payments relating to milestones are not considered contractual obligations until the milestone is met by the third party. As of July 1, 2006, assuming all future milestones are met, total required payments under these contracts would be approximately $2,195,000 (unaudited).

Lease payments related to the Petah Tikva, Israel lease, which Intel assigned to Marvell, are based on square meters and category of space used. Based on usage information as of July 1, 2006, future minimum lease payments were as follows (in thousands):

For the fiscal year ending:

 

 

 

2006(1)

 

$

1,265

 

2007

 

2,650

 

2008

 

2,650

 

2009

 

2,650

 

2010

 

662

 

Thereafter

 

—

 

 

 

$

9,877

 

 

(1)          Reflects the remaining six months of fiscal 2006.

In October 2006, sublease arrangements for facilities in Calgary, Alberta, Canada and Austin, Texas were entered into with Marvell.

16



EXCERPTS ON THIS PAGE:

10-K
Apr 1, 2009
8-K
Jul 2, 2007

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