Marvell Technology Group Ltd. (NASDAQ: MRVL) is trading up on news this morning that it and Google Inc. (NASDAQ: GOOG) are in a pact called “a major breakthrough in the convergence of TV, gaming, streaming video, popular web apps and social media.” The two companies are aiming to take the new Foresight Platform that is powered by Marvell’s ARMADA™ 1500 HD Media System-on-a-Chip which has been designed into the next generation of Google TVs. If you wonder why this is being announced since Google TV has so far been dubbed a flop, it is ahead of the Consumer Electronics Show in Las Vegas.
This uses Marvell’s Qdeo™ video processing technology to deliver 3D video, audio, 3D graphic images and web content through the television.
Marvell shares are up 2.1% at $14.49 against a 52-week trading range of $11.23 to $22.01. Some investors may consider this as noise rather than news unless Google can somehow make its TV effort a much more successful effort.
JON C. OGG
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