Marvell Technology Group Ltd. , the maker of chips for personal computers and mobile phones, rose as much as 11 percent in extended trading after projecting higher quarterly sales than analysts had estimated.
U.S. equity gauges rose to records, with the Standard & Poor’s 500 Index posting its biggest annual advance since 1997, as gains in consumer confidence and housing prices bolstered confidence in the world’s largest economy.
Whitman Capital LLC’s president was charged with taking part in two separate insider-trading conspiracies, using illegal tips on Google Inc., Polycom Inc. and Marvell Technology Group Ltd. to make more than $900,000 for the hedge fund.
Marvell Technology Group Ltd., a mobile-phone chipmaker, lost its bid to cut $620 million from the $1.17 billion patent-infringement verdict awarded to Carnegie Mellon University over computer disk-drives.
Marvell Technology Group Ltd. said it will seek to overturn a $1.17 billion jury verdict, one of the biggest awards on record, for infringing integrated-circuit patents held by Carnegie Mellon University.
The U.S. Securities and Exchange Commission renewed its demand that Galleon Group cofounder Raj Rajaratnam turn over wiretaps recorded by the Justice Department, before a criminal trial set to begin next month in New York.