MRVL » Topics » Other Commitments

These excerpts taken from the MRVL 10-K filed Apr 1, 2009.

Other Commitments

In addition to the above commitments and contingencies, $113.5 million of unrecognized tax benefits has been recorded as liabilities in accordance with FIN 48. As of January 31, 2009, the Company had a recorded liability for potential interest and penalties of $22.6 million and $10.8 million, respectively. During the next 12 months, the Company believes that audit resolutions and the expiration of statute of limitations could potentially reduce the Company’s unrecognized tax benefit by up to $34.8 million. However, this amount can change because the Company continues to have ongoing negotiations with various tax authorities throughout the year. At this time, the Company is unable to make a reasonably reliable estimate of the amount of payments in individual years beyond 12 months due to uncertainties in the timing of tax audit outcomes.

Other Commitments

In addition to the above commitments and contingencies, $113.5 million of unrecognized tax benefits has been recorded as liabilities in accordance with FIN 48. As of January 31, 2009, the Company had a recorded liability for potential interest and penalties of $22.6 million and $10.8 million, respectively. During the next 12 months, the Company believes that audit resolutions and the expiration of statute of limitations could potentially reduce the Company’s unrecognized tax benefit by up to $34.8 million. However, this amount can change because the Company continues to have ongoing negotiations with various tax authorities throughout the year. At this time, the Company is unable to make a reasonably reliable estimate of the amount of payments in individual years beyond 12 months due to uncertainties in the timing of tax audit outcomes.

Other
Commitments

In addition to the above commitments and contingencies, $113.5 million of unrecognized tax benefits has been
recorded as liabilities in accordance with FIN 48. As of January 31, 2009, the Company had a recorded liability for potential interest and penalties of $22.6 million and $10.8 million, respectively. During the next 12 months, the
Company believes that audit resolutions and the expiration of statute of limitations could potentially reduce the Company’s unrecognized tax benefit by up to $34.8 million. However, this amount can change because the Company continues to have
ongoing negotiations with various tax authorities throughout the year. At this time, the Company is unable to make a reasonably reliable estimate of the amount of payments in individual years beyond 12 months due to uncertainties in the timing of
tax audit outcomes.

These excerpts taken from the MRVL 10-K filed Mar 28, 2008.

Other Commitments

        In addition to the above commitments and contingencies, $75.7 million of unrecognized tax benefits have been recorded as liabilities in accordance with FIN 48. There is also a recorded liability for potential penalties and interest of $12.4 million and $20.4 million, respectively as of February 2, 2008. The Company is uncertain when these amounts may be settled. Accruals will continue to be made and reversals will also be made as statutes lapse.

Other Commitments





        In addition to the above commitments and contingencies, $75.7 million of unrecognized tax benefits have been recorded as liabilities in accordance with
FIN 48. There is also a recorded liability for potential penalties and interest of $12.4 million and $20.4 million, respectively as of February 2, 2008. The Company is
uncertain when these amounts may be settled. Accruals will continue to be made and reversals will also be made as statutes lapse.





"Other Commitments" elsewhere:

Freescale Semiconductor, Inc. (FSL)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki