This excerpt taken from the MRVL 8-K filed May 8, 2007.
The Company intends to file its Forms 10-Q for the fiscal quarters ended July 29, 2006 and October 28, 2006 and its Form 10-K for the fiscal year ended January 27, 2007 as soon as practicable. The NASDAQ Stock Markets Listing Qualifications Panel determined that the continued listing of the Companys shares was contingent on filing the Companys delayed Forms 10-Q and 10-K by March 7, 2007. Marvell appealed the
Panels decision to the Nasdaq Listing and Hearing Review Council, which stayed the Panels decision pending further action. The Company does not know when the Listing Council may take any further action regarding its stay. Even if the Listing Council decides to continue its stay of the Panels determination and the Companys shares continue to be listed, Marvell still would have to file its delayed Forms 10-Q and Form 10-K by June 26, 2007 or face delisting. The Listing Council also could choose to require the Company to regain compliance by a date earlier than June 26. The Company is working diligently to meet this deadline but there is a substantial risk that the Company will not be in a position to file its delayed periodic reports by the June 26 date.