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Santa Clara-based Marvell (NASDAQ:MRVL) said the revised outlook is approximately 38 percent to 41 percent belowthe $845 million reported for the same quarter in the previoue fiscal year. The outlook for revenue in the fourtjh quarter of fiscal 2009 was previously projectedf to be in a rangsof $690 million to $730 million, or down 8 percent to 13 percenft sequentially. "The current macro economivc environment is having a significant negative impact onour business," said CEO Sehar Sutardja. "There is a great deal of uncertaintty surrounding the duration and depth of the currenft worldwideeconomic slow-down.
This is especiallty true within the PC and the consumefrelectronics markets. While visibility into future demansd in these marketsremains uncertain, it is clear an inventory correctiom process is underway in the near term. we will continue to take actions to realighn our expense profile to thecurrent
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