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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 37.98-0.2%10:08 AM EDT

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From: Elroy8/29/2019 10:14:16 PM
   of 2181
MRVL reported Q2. From the press release......

"Marvell delivered solid second quarter results with revenue above the mid-point of our guidance and we fully achieved the operating expense reductions we had outlined last year, two quarters ahead of schedule," said Matt Murphy, Marvell's President and CEO. "In our third quarter, we face a worsening macro environment along with the ongoing impact from the current restrictions on shipments to Huawei, offset by a stabilizing storage business and the earlier than expected first production shipments of our 5G solutions."


MRVL's storage business involves both SSD controllers and hard disk drive heads, hopefully he's talking about SSD controllers. Will have to wait for the conference call transcript to see what areas of storage in particular deserve positive commentary in their press release as the good parts of the business.
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