Marvell Technology ($MRVL) announced significant r
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Posted On: 09/28/2015 6:28:17 AM
Marvell Technology ($MRVL) announced significant restructuring of its mobile platform business, which encompasses plans to significantly downsize the business to refocus its technology on IoT, automotive and networking. The company expects annualized operating expense savings of $170 million to $220 million following the implementation, while charges related to the actions are expected to be $100 million to $130 million..
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