Marvell Technology Group (MRVL)

Net Cash (Used in) Provided by Financing Activities

Net cash used in financing activities was $304.2 million for fiscal 2009 compared to net cash provided by financing activities of $55.4 million for fiscal 2008 and $427.0 million for fiscal 2007. In fiscal 2009, net cash used in financing activities was attributable to repayment of term loan obligations and capital leases of $397.2 million, which was partially offset by proceeds from the issuance of common shares under our stock option plans of $92.6 million. In fiscal 2008, net cash provided by financing activities was attributable to proceeds from the issuance of common shares under our stock option and employee stock purchase plans of $65.9 million partially offset by principal payments on term loan and capital lease obligations of $10.7 million. In fiscal 2007, net cash provided by financing activities was attributable to proceeds from a term loan of $400.0 million, proceeds from the issuance of common shares under our stock option and employee stock purchase plans of $45.6 million, partially offset by principal payments on capital lease obligations of $19.5 million.

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Net Cash (Used in) Provided by Financing Activities

Net cash used in financing activities was $304.2 million for fiscal 2009 compared to net cash provided by financing activities of $55.4 million for fiscal 2008 and $427.0 million for fiscal 2007. In fiscal 2009, net cash used in financing activities was attributable to repayment of term loan obligations and capital leases of $397.2 million, which was partially offset by proceeds from the issuance of common shares under our stock option plans of $92.6 million. In fiscal 2008, net cash provided by financing activities was attributable to proceeds from the issuance of common shares under our stock option and employee stock purchase plans of $65.9 million partially offset by principal payments on term loan and capital lease obligations of $10.7 million. In fiscal 2007, net cash provided by financing activities was attributable to proceeds from a term loan of $400.0 million, proceeds from the issuance of common shares under our stock option and employee stock purchase plans of $45.6 million, partially offset by principal payments on capital lease obligations of $19.5 million.

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Net Cash (Used in) Provided by Financing Activities

Net cash used in financing activities was $304.2 million for fiscal 2009 compared to net cash provided by financing activities of
$55.4 million for fiscal 2008 and $427.0 million for fiscal 2007. In fiscal 2009, net cash used in financing activities was attributable to repayment of term loan obligations and capital leases of $397.2 million, which was partially offset
by proceeds from the issuance of common shares under our stock option plans of $92.6 million. In fiscal 2008, net cash provided by financing activities was attributable to proceeds from the issuance of common shares under our stock option and
employee stock purchase plans of $65.9 million partially offset by principal payments on term loan and capital lease obligations of $10.7 million. In fiscal 2007, net cash provided by financing activities was attributable to proceeds from
a term loan of $400.0 million, proceeds from the issuance of common shares under our stock option and employee stock purchase plans of $45.6 million, partially offset by principal payments on capital lease obligations of
$19.5 million.

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Net Cash (Used in) Provided by Financing Activities

Net cash used in financing activities was $4.9 million for the six months ended July 28, 2007 while net cash provided by financing activities was $25.7 million for the six months ended July 29, 2006.  In the first six months of fiscal 2008, net cash used in financing activities was attributable to principal payments on capital lease and debt obligations partially offset by proceeds from the issuance of common stock under stock option plans.  In the first six months of fiscal 2007, net cash provided by financing activities was attributable to proceeds from the issuance of common stock under our stock option plans, partially offset by principal payments on capital lease obligations.  The proceeds from the issuance of common stock are primarily due to the exercises of stock options.

Net Cash (Used in) Provided by Financing Activities

Net cash used in financing activities was $5.8 million for the three months ended April 28, 2007 while net cash provided by financing activities was $7.0 million for the three months ended April 29, 2006.  In the first three months of fiscal 2008, net cash used in financing activities was attributable to principal payments on capital lease and debt obligations.  In the first three months of fiscal 2007, net cash provided by financing activities was attributable to proceeds from the issuance of common stock under our stock option plans, partially offset by principal payments on capital lease obligations.  The proceeds from the issuance of common stock are primarily due to the exercises of stock options.  The increase in capital lease obligations is due to additional computer-aided design software licenses, which we acquired for use in our research and development activities.