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
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):
(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.