Marvell's shaky accounting draws the attention of the US government
by from Techreport on (#X1C7)
Marvell has released preliminary financial results for its fiscal third quarter, as well as its finalized results from the second quarter. In its report, Marvell disclosed that it's under investigation by the Securities and Exchange Commission (SEC) and the Justice Department because it hasn't been compliant with SEC reporting obligations recently.
In September, Marvell reported a preliminary $393 million loss in its fiscal second quarter, thanks in part to a $394 million charge related to losing a 2012 patent suit by Carnegie Mellon University. The ...