Featured Articles

AMD sheds light on stacked DRAM APUs

AMD sheds light on stacked DRAM APUs

AMD is fast tracking stacked DRAM deployment and a new presentation leaked by the company  points to APUs with stacked DRAM,…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Intel launches new mobile Haswell and Bay Trail parts

Intel launches new mobile Haswell and Bay Trail parts

Intel has introduced seven new Haswell mobile parts and four Bay Trail SoC chips, but most of them are merely clock…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 16 January 2014 10:36

Marvell not talking to financiers

Written by Nick Farrell



Agents of Shield say nothing to see here

Chipmaker Marvell has said it is not in talks with KKR on a major transaction such as a buyout. KKR reported a 6.8 percent stake in the company two weeks ago making many think that it might be headed for a buyout.

The chipmaker made the disclosure in a filing with the U.S. District Court in Pittsburgh, where it is defending against a lawsuit by Carnegie Mellon University alleging patent infringement in connection with computer disk drives. The case had not been going well. US District Judge Nora Barry Fischer rejected Marvell's bid to cut $620 million from a $1.17 billion jury verdict against the company.

Carnegie Mellon claimed that the KKR investment might herald "extraordinary corporate transactions" that could threaten the university's ability to collect a final judgment. However the court was told that Marvell has no present plans for an extraordinary corporate transaction such as a buyout, merger, reorganisation or liquidation and has not been in negotiations with KKR concerning such a transaction.

Marvell claimed that KKR's recent vote of confidence, expressed by increasing its investment in Marvell, only provides further testament to Marvell's financial strength.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments