Take out their many, many price increases on their legacy businesses and the purchased revenue from his many acquisitions and there is ZERO fundamental growth in this company. Possibly less than zero.

Yet Murphy has taken out over $100M in compensation from this turd.

I know, but it is less interesting to me. For no good reason, mind you. I like a physical thing.

The secret sauce in computer hardware is the software 😉

You and everyone else. HA!

Marvell doesn’t really supply compute engines, but something like SUSE for an OS and Kubernetes might make sense. And while it does sell switch and adapter ASICs and sometimes devices, it really doesn’t have a NOS as such, either. So figuring out a software angle is difficult. I thought Innovium plus an open source (or maybe not) ArcOS was an interesting possibility. DriveNets might be interesting if Marvell wanted to push down from routing into switching software. Something like MemVerge might be interesting for a distributed CXL memory server where Marvell has chippery, and Liqid or GigaIO might also be interesting for disaggregated infrastructure. We sure need another PCI-Express switch supplier. . . . But Marvell has nothing like the legacy software stacks that Broadcom has amassed. And as for Nvidia, 75 percent of its value is software and to one way of looking at it 75 percent of its revenues and even more of its profits should be reported as software. . . . (75 percent of the employees at Nvidia work on software, not hardware.)

Marvell in my 30 years in this racket always has been just a little bit sketchy on the software side. Very often quite good on the hardware side though. Of course nV has that CUDA thing and the enormous heap of s/w built upon it.

Do you think Marvell can change it’s software position? It looks like a long arduous road, reminiscent of AMD and ROCm.

Understand Tim. But still mind blowing to see the current state of the HPC/Hyperscaler/Cloud hardware space, where it seems that a single company cash in 90% of the benefits. have we ever experienced such domination in a multi hundred billion dollar TAM? As you pointed out in a previous article, the market will probably self correct and competition will catch up but I don’t see it happening anytime soon as the leader is moving at an extremely fast pace…

Having run a few companies of a pissant size and meeting a payroll and being hopeful about opportunities, I can understand how this lack of profits happens. So I have nothing but compassion. And so in this story I tried to put it very politely. Indeed. But the underlying sentiment I have is essentially what you are suggesting: With all of this great technology and skill, you would think Marvell would be profitable. Wall Street doesn’t seem to care, but that is no test as far as I am concerned.

I agree. And am equally surprised. I bet Marvell’s top brass has been as well. This market is not as rich as the stock prices make them seem….