Marvell revenue misses estimates due to lower demand for 3G chips

(Reuters) - Chipmaker Marvell Technology Group Ltd reported lower-than-expected quarterly revenue, hurt by weak demand for its chips used in third-generation mobile communications. The company's net income rose to $115 million, or 22 cents per share, in the third quarter ended Nov. 1, from $103 million, or 21 cents per share, a year earlier. Revenue fell slightly to $930.1 million. Analysts on average had expected $976.1 million, according to Thomson Reuters I/B/E/S. (Reporting By Lehar Maan and Anannya Pramanick in Bangalore; Editing by Sriraj Kalluvila)



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