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This excerpt taken from the MRVL 10-Q filed Dec 11, 2008. Prospective capital needs: We
believe that our existing cash, cash equivalents and marketable securities,
together with cash generated from operations and from exercise of employee
stock options will be sufficient to cover our working capital needs, capital
expenditures, investment requirements and commitments for at least the next 12
months. However, we are named as
defendants to several litigation actions and an unfavorable outcome in such actions
could have a material adverse effect on our cash flows, including potential
impacts to certain covenants under our existing credit agreement. In the event that we may need or desire to
raise additional funds consummate acquisitions of other businesses, assets,
products or technologies, we could raise such funds by electing to sell equity
or debt securities to the public or to selected investors, or by borrowing
money from financial institutions.
If we elect to raise additional funds, we may not be able to obtain such funds on a timely basis or on acceptable terms, if at all. If we raise additional funds by issuing additional equity or convertible debt securities, the ownership percentages of existing shareholders would be reduced. In addition, the equity or debt securities that we issue may have rights, preferences or privileges senior to our common shares.
This excerpt taken from the MRVL 10-Q filed Sep 10, 2008. Prospective capital needs: We believe that our existing cash, cash equivalents
and marketable securities, together with cash generated from operations and
from exercise of employee stock options will be sufficient to cover our working
capital needs, capital expenditures, investment requirements and commitments
for at least the next 12 months.
However, we are named as defendants to several litigation actions and an
unfavorable outcome in such actions could have a material adverse effect on our
cash flows, including potential impacts to certain covenants under our existing
credit agreement. In the event that we
may need or desire to raise additional funds to prepay our term loan obligation
or consummate acquisitions of other businesses, assets, products or
technologies, we could raise such funds by electing to sell equity or debt
securities to the public or to selected investors, or by borrowing money from
financial institutions. Our existing credit agreement however limits our
ability to borrow additional funds as certain covenants would have to be met.
If we elect to raise additional funds, we may not be able to obtain such funds on a timely basis or on acceptable terms, if at all. If we raise additional funds by issuing additional equity or convertible debt securities, the ownership percentages of existing shareholders would be reduced. In addition, the equity or debt securities that we issue may have rights, preferences or privileges senior to our common shares.
This excerpt taken from the MRVL 10-Q filed Jun 6, 2008. Prospective capital needs: We
believe that our existing cash, cash equivalents and marketable securities,
together with cash generated from operations and from exercise of employee
stock options will be sufficient to cover our working capital needs, capital
expenditures, investment requirements and commitments for at least the next 12
months. However, we are named as
defendants to several litigation actions and an unfavorable outcome in such
actions could have a material adverse effect on our cash flows, including
potential impacts to certain covenants under our existing credit
agreement. In the event that we may need
or desire to raise additional funds to prepay our term loan obligation or
consummate acquisitions of other businesses, assets, products or technologies,
we could raise such funds by electing to sell equity or debt securities to the
public or to selected investors, or by borrowing money from financial institutions.
Our existing credit agreement however limits our ability to borrow additional
funds as certain covenants would have to be met.
If we elect to raise additional funds, we may not be able to obtain such funds on a timely basis or on acceptable terms, if at all. If we raise additional funds by issuing additional equity or convertible debt securities, the ownership percentages of existing shareholders would be reduced. In addition, the equity or debt securities that we issue may have rights, preferences or privileges senior to our common shares.
This excerpt taken from the MRVL 10-Q filed Dec 6, 2007. Prospective capital needs: We believe that our existing cash, cash
equivalents and marketable securities, together with cash generated from
operations and from exercise of employee stock options will be sufficient to
cover our working capital needs, capital expenditures, investment requirements
and commitments for at least the next 12 months. Additionally, we are named as defendants to
several litigation actions and have received a Wells Notice from the SEC. An unfavorable outcome in such actions could
have a material adverse effect on our cash flows, including potential impacts
to certain covenants under our existing credit agreement. In the event that we may need or desire to
raise additional funds to prepay our term loan obligation or consummate
acquisitions of other businesses, assets, products or technologies, we could
raise such funds by electing to sell equity or debt securities to the public or
to selected investors, or by borrowing money from financial institutions. Our
existing credit agreement however limits our ability to borrow additional
funds. Certain covenants would have to be met.
Because one of the eligibility requirements for use of a Form S-3 filing is that an issuer must have timely filed all reports required to be filed with the SEC during the preceding twelve calendar months, we currently cannot register securities on Form S-3 and would be required register these securities using a Form S-1 registration statement, which can be more complex, time consuming and expensive. If we elect to raise additional funds, we may not be able to obtain such funds on a timely basis or on acceptable terms, if at all. If we raise additional funds by issuing additional equity or convertible debt securities, the ownership percentages of existing shareholders would be reduced. In addition, the equity or debt securities that we issue may have rights, preferences or privileges senior to our common stock. This excerpt taken from the MRVL 10-Q filed Sep 6, 2007. Prospective
capital needs: We believe that our existing cash, cash
equivalents and marketable securities, together with cash generated from
operations and from exercise of employee stock options will be sufficient to
cover our working capital needs, capital expenditures, investment requirements
and commitments for at least the next 12 months. In the event that we may need
or desire to raise additional funds to prepay our term loan obligation or
consummate acquisitions of other businesses, assets, products or technologies,
we could raise such funds by electing to sell equity or debt securities to the
public or to selected investors, or by borrowing money from financial
institutions. Our existing credit agreement however limits our ability to
borrow additional funds. Certain covenants would have to be met.
If the SEC disagrees with the manner in which we have accounted for and reported, or not reported, the financial impact of past stock option grants, there could be further delays in filing subsequent SEC reports or other actions that might result in the delisting of our common stock from the NASDAQ Global Select Market. If we are unable to maintain compliance with the conditions for continued listing required by NASDAQ, then our common shares may subject to delisting from the NASDAQ Global Select Market. Additionally, we have not been in full compliance with NASDAQ Marketplace Rule 4310 (c)(14) which requires us to timely file with the SEC all filings required by the Securities Exchange Act of 1934, as amended. If our shares are delisted from the NASDAQ Global Select Market, they may not be eligible to trade on any national securities exchange or the over-the-counter market. If our common shares are no longer traded through a market system, the liquidity of our common shares may be greatly reduced, which could negatively affect its price. Because one of the eligibility requirements for use of a Form S-3 filing is that an issuer must have timely filed all reports required to be filed with the SEC during the preceding twelve calendar months, we currently cannot register securities on Form S-3 and would be required register these securities using a Form S-1 registration statement, which can be more complex, time consuming and expensive. If we elect to raise additional funds, we may not be able to obtain such funds on a timely basis or on acceptable terms, if at all. If we raise additional funds by issuing additional equity or convertible debt securities, the ownership percentages of existing shareholders would be reduced. In addition, the equity or debt securities that we issue may have rights, preferences or privileges senior to our common stock. This excerpt taken from the MRVL 10-Q filed Jul 9, 2007. Prospective
capital needs: We believe that our existing cash, cash
equivalents and marketable securities, together with cash generated from
operations and from exercise of employee stock options will be sufficient to
cover our working capital needs, capital expenditures, investment requirements
and commitments for at least the next 12 months. In the event that we may need
or desire to raise additional funds to prepay our term loan obligation or
consummate acquisitions of other businesses, assets, products or technologies,
we could raise such funds by electing to sell equity or debt securities to the
public or to selected investors, or by borrowing money from financial
institutions. Our existing credit agreement however limits our ability to
borrow additional funds. Certain covenants would have to be met. Additionally,
we have not been in full compliance with NASDAQ Marketplace Rule 4310 (c)(14)
which requires us to timely file with the SEC all filings required by the
Securities Exchange Act of 1934.
However, if the SEC disagrees with the manner in which we have accounted for and reported, or not reported, the financial impact of past stock option grants, there could be further delays in filing subsequent SEC reports or other actions that might result in the delisting of our common stock from the NASDAQ Global Select Market. If we are unable to maintain compliance with the conditions for continued listing required by NASDAQ, then our shares of common stock may subject to delisting from the NASDAQ Global Select Market. If our shares are delisted from the NASDAQ Global Select Market, they may not be eligible to trade on any national securities exchange or the over-the-counter market. If our common stock is no longer traded through a market system, the liquidity of our common stock may be greatly reduced, which could negatively affect its price. Even if we become compliant with the NASDAQ conditions for continued listing, because one of the eligibility requirements for use of a Form S-3 filing is that an issuer must have timely filed all reports required to be filed with the SEC during the preceding twelve calendar months, we will not be able to register securities on Form S-3 and would be required register these securities using a Form S-1 registration statement, which can be more complex, time consuming and expensive. If we elect to raise additional funds, we may not be able to obtain such funds on a timely basis or on acceptable terms, if at all. If we raise additional funds by issuing additional equity or convertible debt securities, the ownership percentages of existing shareholders would be reduced. In addition, the equity or debt securities that we issue may have rights, preferences or privileges senior to our common stock. This excerpt taken from the MRVL 10-Q filed Jul 2, 2007. Prospective
Capital Needs: We believe that our existing cash, cash
equivalents and marketable securities, together with cash generated from
operations and from the exercise of employee stock options will be sufficient
to cover our working capital needs, capital expenditures, investment
requirements and commitments for at least the next 12 months. In the
event that we may need or desire to raise additional funds to prepay our term
loan obligation or consummate acquisitions of other businesses, assets,
products or technologies, we could raise such funds by electing to sell equity
or debt securities to the public or to selected investors, or by borrowing
money from financial institutions. Our
existing credit agreement however limits our ability to borrow additional
funds. Certain covenants would have to
be met. Additionally, we have not been
in full compliance with NASDAQ Marketplace Rule 4310(c)(14) which requires us
to timely file with the SEC all filings required by the Exchange Act of 1934. We expect to file all required filings as
soon as practicable.
However, if the SEC disagrees with the manner in which we have accounted for and reported, or not reported, the financial impact of past stock option grants, there could be further delays in filing subsequent SEC reports or other actions that might result in the delisting of our common stock from the NASDAQ Global Select Market. If we are unable to maintain compliance with the conditions for continued listing required by NASDAQ, then our shares of common stock may be subject to delisting from the NASDAQ Global Select Market. If our shares of common stock are delisted from the NASDAQ Global Select Market, they may not be eligible to trade on any national securities exchange or the over-the-counter market. If our common stock is no longer traded through a market system, the liquidity of our common stock may be greatly reduced, which could negatively affect its price. Even if we become compliant with the NASDAQ conditions for continued listing, because one of the eligibility requirements for use of a Form S-3 filing is that an issuer must have timely filed all reports required to be filed with the SEC during the preceding twelve calendar months, we will not be able to register securities This excerpt taken from the MRVL 10-Q filed Jul 2, 2007. Prospective
Capital Needs: We believe that our existing cash, cash
equivalents and marketable securities, together with cash generated from
operations and from the exercise of employee stock options, will be sufficient
to cover our working capital needs, capital expenditures, investment
requirements and commitments for at least the next 12 months. In the
event that we may need or desire to raise additional funds to prepay our term
loan obligation or consummate acquisitions of other businesses, assets,
products or technologies, we could raise such funds by electing to sell equity
or debt securities to the public or to selected investors, or by borrowing
money from financial institutions. Our
existing credit agreement however limits our ability to borrow additional
funds. Certain covenants would have to
be met. Additionally, we have not been
in full compliance with NASDAQ Marketplace Rule 4310(c)(14) which requires us
to timely file with the SEC all filings required by the Securities Exchange Act
of 1934. We intend to file all required
filings as soon as practicable.
However, if the SEC disagrees with the manner in which we have accounted for and reported, or not reported, the financial impact of past stock option grants, there could be further delays in filing subsequent SEC reports or other actions that might result in the delisting of our common stock from the NASDAQ Global Select Market. If we are unable to maintain compliance with the conditions for continued listing required by NASDAQ, then our shares of common stock may be subject to delisting from the NASDAQ Global Select Market. If our shares of common stock are delisted from the NASDAQ Global Select Market, they may not be eligible to trade on any national securities exchange or the over-the-counter market. If our common stock is no longer traded through a market system, the liquidity of our common stock may be greatly reduced, which could negatively affect its price. Even if we become compliant with the NASDAQ conditions for continued listing, because one of the eligibility requirements for use of a Form S-3 filing is that an issuer must have timely filed all reports required to be filed with the SEC during the preceding twelve calendar months, we will not be able to register securities This excerpt taken from the MRVL 10-Q filed Jul 2, 2007. Prospective
Capital Needs: We
believe that our existing cash, cash equivalents and marketable securities,
together with cash generated from operations and from the exercise of employee
stock options, will be sufficient to cover our working capital needs, capital
expenditures, investment requirements and commitments for at least the next 12
months. In the event that we may need or desire to raise additional funds
to prepay our term loan obligation or consummate acquisitions of other
businesses, assets, products or technologies, we could raise such funds by electing
to sell equity or debt securities to the public or to selected investors, or by
borrowing money from financial institutions.
Our existing credit agreement however limits our ability to borrow
additional funds. Certain covenants
would have to be met. Additionally, we
have not been in full compliance with NASDAQ Marketplace Rule 4310(c)(14) which
requires us to timely file with the SEC all filings required by the Securities
Exchange Act of 1934. We intend to file
all required filings as soon as practicable.
However, if the SEC disagrees with the manner in which we have accounted for and reported, or not reported, the financial impact of past stock option grants, there could be further delays in filing subsequent SEC reports or other actions that might result in the delisting of our common stock from the NASDAQ Global Select Market. If we are unable to maintain compliance with the conditions for continued listing required by NASDAQ, then our shares of common stock may be subject to delisting from the NASDAQ Global Select Market. If our shares of common stock are delisted from the NASDAQ Global Select Market, they may not be eligible to trade on any national securities exchange or the over-the-counter market. If our common stock is no longer traded through a market system, the liquidity of our common stock may be greatly reduced, which could negatively affect its price. Even if we become compliant with the NASDAQ conditions for continued listing, because one of the eligibility requirements for use of a Form S-3 filing is that an issuer must have timely filed all reports required to be filed with the SEC during the preceding twelve calendar months, we will not be able to register securities This excerpt taken from the MRVL 10-K filed Jul 2, 2007. Prospective
Capital Needs: We believe that our existing
cash, cash equivalents and marketable securities, together with cash generated
from operations and from the exercise of employee stock options, will be
sufficient to cover our working capital needs, capital expenditures, investment
requirements and commitments for at least the next 12 months. In the event that
we may need or desire to raise additional funds to prepay our term loan
obligation or consummate acquisitions of other businesses, assets, products or
technologies, we could raise such funds by electing to sell equity or debt
securities to the public or to selected investors, or by borrowing money from
financial institutions. Our existing credit agreement however limits our
ability to borrow additional funds. Certain covenants would have to be met. Additionally,
we have not been in full compliance with NASDAQ Marketplace Rule 4310(c)(14)
which requires us to timely file with the SEC all filings required by the
Securities Exchange Act of 1934. We intend to file all required filings as soon
as practicable.
However, if the SEC disagrees with the manner in which we have accounted for and reported, or not reported, the financial impact of past stock option grants, there could be further delays in filing subsequent SEC reports or other actions that might result in the delisting of our common stock from the NASDAQ Global Select Market. If we are unable to maintain compliance with the conditions for continued listing required by NASDAQ, then our shares of common stock may be subject to delisting from the NASDAQ Global Select Market. If our shares of common stock are delisted from the NASDAQ Global Select Market, they may not be eligible to trade on any national securities exchange or the over-the-counter market. If our common stock is no longer traded through a market system, the liquidity of our common stock may be greatly reduced, which could negatively affect its price. Even if we become compliant with the NASDAQ conditions for continued listing, because one of the eligibility requirements for use of a Form S-3 filing is that an issuer must have timely filed all reports required to be filed with the SEC during the preceding twelve calendar months, we will not be able to register securities on Form S-3 and would be required to register those securities using a Form S-1 registration statement, which can be more complex, time consuming and expensive. If we elect to raise additional funds, we may not be able to obtain such funds on a timely basis or on acceptable terms, if at all. If we raise additional funds by issuing additional equity or convertible debt securities, the ownership percentages of existing shareholders would be reduced. In addition, the equity or debt securities that we issue may have rights, preferences or privileges senior to our common stock. | EXCERPTS ON THIS PAGE:
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