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MRVL » Topics » The statements contained in this Quarterly Report on Form 10-Q that are not purely historical are forward-looking statements within the meaning ofThis excerpt taken from the MRVL 10-Q filed Jun 6, 2008. The
statements contained in this Quarterly Report on Form 10-Q that are not
purely historical are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended
(the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
including statements regarding our expectations, beliefs, intentions or
strategies regarding the future. Words
such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,”
“can,” and similar expressions identify such
forward-looking statements. These are statements that relate to future periods
and include statements relating to our anticipation that the rate of new orders and shipments
will vary significantly from quarter to quarter; industry trends; our
anticipation that the total amount of sales through distributors will increase
in future periods; our expectation that a significant percentage of our sales will
continue to come from direct sales to key customers; our expectations regarding
the number of days in inventory, inventory levels and levels of accounts
receivable; our expectations regarding competition; our intention to reduce
product costs to offset decreases in average selling prices; our continued
efforts relating to the protection of our intellectual property; our
expectations regarding the amount of customer concentration in the future; our
expectations regarding the amount of our future sales in Asia; our intention to
continue to invest significant resources for research and development; our
expectation regarding the effect of auction rate securities on our working
capital needs or other requirements; our expected cost savings from the
restructuring in the fourth quarter of fiscal 2008;our expected results, cash
flows, and expenses, including those related to research and development, sales
and marketing and general and administrative; our intention to complete
acquired in-process research and development projects; our intention to make
acquisitions, investments, strategic alliances and joint ventures; our
expectations regarding revenue, sources of revenue and make-up of revenue; our
expectations regarding the impact of legal proceedings and claims; our
expectations regarding the adequacy of our capital resources to meet our
capital needs; our plan to attract and retain highly skilled personnel; our
expectations regarding the growth in business and operations; our expectations
regarding our compliance with SEC periodic reporting requirements; our
expectations regarding the impact of the restatement of our financial
statements in connection with the internal review of our historic stock option
granting practices; our plans regarding remediation of 2007 material weakness and
expectations regarding the effectiveness of those remediation efforts; our plan
regarding forward exchange contracts; and the effect of recent accounting
pronouncements and changes in taxation rules. These forward-looking statements
are subject to risks and uncertainties that could cause actual results to
differ materially from those indicated in the forward-looking statements.
Factors that could cause actual results to differ materially from those
predicted, include but are not limited to, the impact of international conflict
and continued economic volatility in either domestic or foreign markets; the
outcome and impact of the litigation related to our historic stock option
granting practices; our
dependence upon the hard disk drive industry which is highly cyclical; our
ability to scale our operations in response to changes in demand for existing
or new products and services; our maintenance of an effective system of
internal controls; our dependence on a small number of customers; our ability
to develop new and enhanced products; our success in integrating businesses we
acquire and the impact such acquisitions may have on our operating results; our
ability to estimate customer demand accurately; the success of our strategic
relationships with customers; our reliance on independent foundries and
subcontractors for the manufacture, assembly and testing of our products; our
ability to manage future growth; the development and evolution of markets for
our integrated circuits; our ability to protect our intellectual property; the
impact of any change in our application of the United States federal income tax
laws and the loss of any beneficial tax treatment that we currently enjoy; the
impact of changes in international financial and regulatory conditions; the
impact of changes in management; the risk that other remediation efforts will
be insufficient to address our material weakness in internal controls and the
outcome pending or future litigation and legal proceedings. Additional factors,
which could cause actual results to differ materially, include those set forth
in the following discussion, as well as the risks discussed in Item 1A, “Risk
Factors.” These forward-looking statements speak only as of the date hereof.
Unless required by law, we undertake no obligation to update publicly any
forward-looking statements.
This excerpt taken from the MRVL 10-Q filed Dec 6, 2007. The statements contained in this
Quarterly Report on Form 10-Q that are not purely historical are
forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of
1934, as amended, including statements
regarding our expectations, beliefs, intentions or strategies regarding the
future. Words such as “anticipates,” “expects,”
“intends,” “plans,” “believes,” “seeks,” “estimates,” “can,” and similar expressions identify such forward-looking
statements. These are statements that relate to future periods and include
statements relating to our anticipation that the rate of new orders and
shipments will vary significantly from quarter to quarter; industry trends; our
anticipation that the total amount of sales through international distributors
will increase in future periods; our expectation that a significant percentage
of our sales will continue to come from direct sales to key customers; our expectations
regarding our supply agreement; our expectations regarding the number of days
in inventory, inventory levels, and levels of accounts receivable; our
expectation of additional growth in fiscal 2008 due to various reasons,
including expected increases in shipments of cellular and handheld, printer
ASIC and our WLAN products from new design wins, and our belief that our
analog, mixed signal, digital signal processing and embedded microprocessor
integrated circuit technology can be leveraged into other large volume and
diverse markets; the potential opportunities for a new generation of integrated
circuit solutions in response to growing demand for products enabling the
storage, transmission and management of large volumes of data at high speeds;
the anticipated benefits of consolidating our facilities and the sufficiency of
our facilities; the anticipated features and benefits of our technology
solutions; our strategy and components of our strategy, including our intention
to expand our market position by developing new signal processing technologies,
to leverage our technology for broadband communications applications, to
continue to extend our leadership position for storage market applications, and
to strengthen and expand our relationship with customers using a variety of
techniques; the anticipated needs of our customers; our expectations to
transition our semiconductor products to increasingly smaller line width
geometries; the benefits of our fabless manufacturing approach; our
expectations regarding competition; our intention to reduce product costs to
offset decreases in average selling prices; our plan to attract new customers
by reducing our prices; the anticipated effect of our plan to reduce operating
expenses by reducing our workforce; our continued efforts relating to the
protection of our intellectual property; our expectations regarding the amount
of customer concentration in the future; the amount of our future sales in
Asia; our intention to continue to invest significant resources for research
and development; our expected results, cash flows, and expenses, including
those related to sales and marketing, research and development and general and
administrative; our intention to complete acquired in-process research and
development projects; our intention to make acquisitions, investments,
strategic alliances and joint ventures; our expectations regarding revenue,
sources of revenue and make-up of revenue; our expectation regarding gross
profits and gross margins and events that may cause them to fluctuate; our plan
to raise funds to prepay loan obligations or consummate acquisitions; our
expectations regarding the impact of legal proceedings and claims; our
expectations regarding the adequacy of our capital resources to meet our
capital needs; our expectations regarding the growth in business and
operations; our expectations regarding our compliance with SEC periodic
reporting requirements and NASDAQ listing requirements; our expectations
regarding the impact of the restatement of our financial statements in
connection with the internal review of our historical stock option granting;
our expectations regarding an impairment review of our goodwill and intangible
assets; our plans regarding remediation of material weakness and expectations
regarding the effectiveness of those remediation efforts; our plan regarding
dividends; our plan regarding forward exchange contracts; and the effect of
recent accounting pronouncements and changes in taxation rules. These
forward-looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from those indicated in the
forward-looking statements. Factors that could cause actual results to differ
materially from those predicted, include but are not limited to, the impact of
international conflict and continued economic volatility in either domestic or
foreign markets; the impact of natural disasters; our dependence upon the hard
disk drive industry which is highly cyclical; our ability to scale our
operations in response to changes in demand for existing or new products and
services; our maintenance of an effective system of internal controls; our
dependence on a small number of customers; our ability to develop new and
enhanced products; the impact of our complex products on market acceptance of
our new products and our reputation with current or prospective customers, our
success in integrating businesses we acquire and the impact such acquisitions
may have on our operating results; our ability to estimate customer demand
accurately; the success of our strategic relationships with customers; our
reliance on independent foundries and subcontractors for the manufacture,
assembly and testing of our products; our ability to manage
29
future growth; the development and evolution of markets for our integrated circuits; our ability to protect our intellectual property; the impact of any change in our application of the United States federal income tax laws and the loss of any beneficial tax treatment that we currently enjoy; the impact of changes in international financial and regulatory conditions; the impact of changes in management; the impact of certain covenants on our ability to obtain debt financing and the effects resulting from them; the risk that other remediation efforts will be insufficient to address our material weakness in internal controls and the outcome pending or future litigation and legal proceedings. Additional factors, which could cause actual results to differ materially, include those set forth in the following discussion, as well as the risks discussed in Item 1A, “Risk Factors.” These forward-looking statements speak only as of the date hereof. Unless required by law, we undertake no obligation to update publicly any forward-looking statements. This excerpt taken from the MRVL 10-Q filed Sep 6, 2007. The statements contained in this
Quarterly Report on Form 10-Q that are not purely historical are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of
1934, as amended, including statements
regarding our expectations, beliefs, intentions or strategies regarding the
future. Words such as “anticipates,” “expects,”
“intends,” “plans,” “believes,” “seeks,” “estimates,” “can,” and similar expressions identify such forward-looking
statements. These are statements that relate to future periods and include
statements relating to our anticipation that the rate of new orders and
shipments will vary significantly from quarter to quarter; industry trends; our
anticipation that the total amount of sales through distributors will increase
in future periods; our expectation that a significant percentage of our sales
will continue to come from direct sales to key customers; our expectations regarding
the number of days in inventory, inventory levels, and levels of accounts
receivable; our expectation of additional growth in fiscal 2008 due to various
reasons, including expected increases in shipments of cellular and handheld,
printer ASIC and our WLAN products from new design wins, and our belief that
our analog, mixed signal, digital signal processing and embedded microprocessor
integrated circuit technology can be leveraged into other large volume and
diverse markets; the potential opportunities for a new generation of integrated
circuit solutions in response to growing demand for products enabling the
storage, transmission and management of large volumes of data at high speeds;
the anticipated benefits of consolidating our facilities and the sufficiency of
our facilities; the anticipated features and benefits of our technology
solutions; our strategy and components of our strategy, including our intention
to expand our market position by developing new signal processing technologies,
to leverage our technology for broadband communications applications, to
continue to extend our leadership position for storage market applications, and
to strengthen and expand our relationship with customers using a variety of
techniques; the anticipated needs of our customers; our expectations to
transition our semiconductor products to increasingly smaller line width
geometries; our intention to continue to use widely available CMOS processes to
manufacture our products; the benefits of our fabless manufacturing approach;
our expectations regarding competition; our intention to reduce product costs
to offset decreases in average selling prices; our continued efforts relating
to the protection of our intellectual property; our expectations regarding the
amount of customer concentration in the future; the amount of our future sales
in Asia; our intention to continue to invest significant resources for research
and development; our expected results, cash flows, and expenses, including
those related to sales and marketing, research and development and general and
administrative; our intention to complete acquired in-process research and
development projects; our intention to make acquisitions, investments,
strategic alliances and joint ventures; our expectations regarding revenue,
sources of revenue and make-up of revenue; our expectations regarding the
impact of legal proceedings and claims; our expectations regarding the adequacy
of our capital resources to meet our capital needs; our expectations regarding
the growth in business and operations; our expectations regarding our
compliance with SEC periodic reporting requirements and NASDAQ listing
requirements; our expectations regarding the impact of the restatement of our
financial statements in connection with the internal review of our historical
stock option granting; our plans regarding remediation of 2007 material
weakness and expectations regarding the effectiveness of those remediation
efforts; our plan regarding dividends; our plan regarding forward exchange
contracts; and the effect of recent accounting pronouncements and changes in
taxation rules. These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from those
indicated in the forward-looking statements. Factors that could cause actual
results to differ materially from those predicted, include but are not limited
to, the impact of international conflict and continued economic volatility in
either domestic or foreign markets; our dependence upon the hard disk drive
industry which is highly cyclical; our ability to scale our operations in
response to changes in demand for existing or new products and services; our
maintenance of an effective system of internal controls; our dependence on a
small number of customers; our ability to develop new and enhanced products;
our success in integrating businesses we acquire and the impact such
acquisitions may have on our operating results; our ability to estimate
customer demand accurately; the success of our strategic relationships with
customers; our reliance on independent foundries and subcontractors for the
manufacture, assembly and testing of our products; our ability to manage future
growth; the development and evolution of markets for our integrated circuits;
our ability to protect our intellectual property; the impact of any change in
our application of the United States federal income tax laws and the loss of
any beneficial tax treatment that we currently enjoy; the impact of changes in
international financial and regulatory conditions; the impact of changes in
management; the risk that other remediation efforts will be insufficient to
address our material weakness in internal controls and the outcome pending or
future litigation and legal proceedings. Additional factors, which could cause
actual results to differ materially, include those set forth in the following
discussion, as well as the risks discussed in Item 1A, “Risk Factors.” These
forward-looking statements speak only as of the date hereof. Unless required by
law, we undertake no obligation to update publicly any forward-looking
statements.
This excerpt taken from the MRVL 10-Q filed Jul 9, 2007. The statements contained in this
Quarterly Report on Form 10-Q that are not purely historical are forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the
Securities Act of 1934, as amended, including statements regarding our
expectations, beliefs, intentions or strategies regarding the future. Words such as “anticipates,” “expects,” “intends,”
“plans,” “believes,” “seeks,” “estimates,” “can,” and
similar expressions identify such forward-looking statements. These are
statements that relate to future periods and include statements relating to our
anticipation that the rate of new orders and shipments will vary significantly
from quarter to quarter; industry trends; our anticipation that the total
amount of sales through distributors will increase in future periods; our
expectation that a significant percentage of our sales will continue to come
from direct sales to key customers; our expectations regarding the number of
days in inventory, inventory levels, and levels of accounts receivable; our
expectation of additional growth in fiscal 2008 due to various reasons,
including expected increases in shipments of cellular and handheld, printer
ASIC and our WLAN products from new design wins, and our belief that our
analog, mixed signal, digital signal processing and embedded microprocessor integrated
circuit technology can be leveraged into other large volume and diverse
markets; the potential opportunities for a new generation of integrated circuit
solutions in response to growing demand for products enabling the storage,
transmission and management of large volumes of data at high speeds; the
anticipated benefits of consolidating our facilities and the sufficiency of our
facilities; the anticipated features and benefits of our technology solutions;
our strategy and components of our strategy, including our intention to expand
our market position by developing new signal processing technologies, to
leverage our technology for broadband communications applications, to continue
to extend our leadership position for storage market applications, and to
strengthen and expand our relationship with customers using a variety of
techniques; the anticipated needs of our customers; our expectations to
transition our semiconductor products to increasingly smaller line width
geometries; our intention to continue to use widely available CMOS processes to
manufacture our products; the benefits of our fabless manufacturing approach; our
expectations regarding competition; our intention to reduce product costs to
offset decreases in average selling prices; our continued efforts relating to
the protection of our intellectual property; our expectations regarding the
amount of customer concentration in the future; the amount of our future sales
in Asia; our intention to continue to invest significant resources for research
and development; our expected results, cash flows, and expenses, including
those related to sales and marketing, research and development and general and
administrative; our intention to complete acquired in-process research and
development projects; our intention to make acquisitions, investments,
strategic alliances and joint ventures; our expectations regarding revenue,
sources of revenue and make-up of revenue; our expectations regarding the
impact of legal proceedings and claims; our expectations regarding the adequacy
of our capital resources to meet our capital needs; our expectations regarding
the growth in business and operations; our expectations regarding our
compliance with SEC periodic reporting requirements and NASDAQ listing
requirements; our expectations regarding the impact of the restatement of our
financial statements in connection with the internal review of our historical
stock option granting; our plans regarding remediation of 2007 material
weakness and expectations regarding the effectiveness of those remediation
efforts; our plan regarding dividends; our plan regarding forward exchange
contracts; and the effect of recent accounting pronouncements and changes in
taxation rules. These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from those
indicated in the forward-looking statements. Factors that could cause actual
results to differ materially from those predicted, include but are not limited
to, the impact of international conflict and continued economic volatility in
either domestic or foreign markets; our dependence upon the hard disk drive
industry which is highly cyclical; our ability to scale our operations in
response to changes in demand for existing or new products and services; our
maintenance of an effective system of internal controls; our dependence on a
small number of customers; our ability to develop new and enhanced products;
our success in integrating businesses we acquire and the impact such acquisitions
may have on our operating results; our ability to estimate customer demand
accurately; the success of our strategic relationships with customers; our
reliance on independent foundries and subcontractors for the manufacture,
assembly and testing of our products; our ability to manage future growth; the
development and evolution of markets for our integrated circuits; our ability
to protect our intellectual property; the impact of any change in our
application of the United States federal income tax laws and the loss of any
beneficial tax treatment that we currently enjoy; the impact of changes in
international financial and regulatory conditions; the impact of changes in
management; the risk that other remediation efforts will be insufficient to address
our material weakness in internal controls and the outcome pending or future
litigation and legal proceedings. Additional factors, which could cause actual
results to differ materially, include those set forth in the following
discussion, as well as the risks discussed in Item 1A, “Risk Factors.” These
forward-looking statements speak only as of the date hereof. Unless required by
law, we undertake no obligation to update publicly any forward-looking
statements.
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