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Marvell Technology Group Ltd.
Clarendon House 2 Church Street, Hamilton, Bermuda HMCX * 4412951422
Business Description The company designs, develops and markets integrated circuits for communications-related markets.
Offering
Information

Company has
gone public

Trading As  MRVL (NASNTL) Industry  High-Tech (SIC 3674)
Type of Stock Offered  Common Shares Filing Date  3/23/00
Domestic Shares Offered  6,000,000 Offer Date  6/26/00
Foreign Shares Offered  0 Filing Range  $12.00 - $14.00
Company Shares  6,000,000 Offer Price  $15.00
Selling Shrhldrs Shares  0 Gross Spread  $1.050
Gross Proceeds  $90,000,000 Selling  $0.630
Expenses  - - Reallowance  $0.100
Post-IPO Shares  82,500,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
J.P. Morgan & Co. Co-manager (212) 648-0517
Robertson, Stephens & Company Co-manager (415) 989-8500
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data 1/31/96 1/31/97 1/31/98 1/31/99 1/31/00    
Revenues   0.210 0.190 0.625 21.253 81.375 - -
Income from Oper.   -0.374 -2.246 -7.404 -0.550 17.096 - -
Net Income   -0.355 -2.153 -7.444 0.959 13.070 - -
E.P.S   -0.020 -0.080 -0.240 -0.030 0.320 - -
Revenue Growth (%)      -9.52 228.95 3,300.48 282.887   -
Net Income Growth (%)      - - - 1,262.88   -
Oper. Profit Margin (%)    - - - - 21.01 - -
Net Profit Margin (%)    - - - 4.51 16.06 - -
Cash Flow - Oper.     12.64 - -
Cash Flow - Inv.     -6.81 - -
Cash Flow - Fin.     5.25 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 1/31/00 Financial Ratios
Total Assets    46.50 Current Assets    38.78 Current Ratio    2.40
Total Liab.    38.56 Current Liab.    16.17 Debt Ratio    82.92%
Total Equity    7.94 Working Cap.    22.61 Debt to Equity Ratio    4.86
Cash    16.60    Return on Assets   28.11%
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes including working capital, capital expenditures and potential acquisitions of, or investments in, complementary businesses, technologies or services.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Gibson, Dunn & Crutcher
Bank's Law Firm  Sullivan & Cromwell
Auditor  Pricewaterhouse Coopers LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Entities affiliated with InveStar Capital, Inc. 11.30  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 7/9/00 9:58:11 PM
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