Marvell Technology Group (MRVL)

Net Cash Provided by (Used in) Financing Activities

Net cash used in financing activities was $19,000 for the three months ended May 2, 2009 compared to net cash provided by financing activities of $15.1 million for the three months ended May 3, 2008. For the three months ended May 2, 2009 and May 3, 2008, net cash used in financing activities was attributable to principal payments on debt obligations and capital leases partially offset by proceeds from the issuance of common shares under our stock option plans.

Net Cash Provided by (Used in) Financing Activities

Net cash used in financing activities was $124.2 million for the nine months ended November 1, 2008 compared to net cash provided by financing activities of $23.0 million for the nine months ended October 27, 2007.  For the nine months ended November 1, 2008 and October 27, 2007, net cash used in financing activities was attributable to principal payments on debt obligations and capital leases partially offset by proceeds from the issuance of common shares under our stock option plans.

Net Cash Provided by (Used in) Financing Activities

Net cash provided by financing activities was $15.1 million for the three months ended May 3, 2008 while net cash used in financing activities was $5.8 million for the three months ended April 28, 2007.  In the three months ended May 3, 2008, net cash provided by financing activities was attributable to proceeds from the issuance of common shares under our stock option plans, partially offset by principal payments on capital lease and debt obligations.  In the three months ended April 28, 2007, net cash used in financing activities was attributable to principal payments on capital lease and debt obligations.  The proceeds from the issuance of common shares are primarily due to the exercises of stock options.  The increase in capital lease obligations was due to additional computer-aided design software licenses, which we acquired for use in our research and development activities.