Marvell Technology Group Ltd. (Nasdaq: MRVL), LSI Corp. (NYSE: LSI), TriQuint Semiconductor Inc. (Nasdaq: TQNT), Quicksilver Inc. (NYSE: ZQK), 3Com Corp. (Nasdaq: COMS) and FuelCell Energy Inc. (Nasdaq: FCEL).

Marvell Technology Group Ltd. (Nasdaq: MRVL) Stock Alert – Marvell Settles Suit; Restates Earnings

Marvell Technologies Group Ltd. (Nasdaq: MRVL) shares fell 3.04% this morning, trading at $12.44. The company recently restated its first-quarter earnings to reflect the settlement of a shareholder lawsuit against the company.

The chipmaker announced yesterday it settled an outstanding lawsuit relating to past practices of option granting by the company. The company restated earnings downward by $72 million to reflect the settlement.

Marvell said the charges to the first-quarter stemming from the settlement were recorded as additional general and administrative expenses, adjusting its previously reported loss of $39.5 million, or a loss of 6 cents per share, to a loss of $111.5 million, or a loss of 8 cents per share.

The company noted the agreement was entered into following the close of the first quarter ending May 2, but since the settlement was reached during the first quarter, charges made to first-quarter earnings are appropriate.

Final approval of the settlement awaits the U.S. District Court for the Northern District of California. Once approved, all litigation surrounding the complaint of the company’s illegal derivatives practices will end, the company said.

Shares of Marvel soared 14.5% on the news, closing at $12.84, up $1.63 in after-hours trading.

Marvell is a fabless semiconductor provider of application-specific standard products. The company develops complex system-on-a-chip (SoC) devices using its technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing and embedded ARM-based microprocessor integrated circuits.

Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), handheld cellular, Ethernet-based wireless networking, personal area networking, Ethernet-based personal computer (PC) connectivity, control plane communications controllers, video-image processing and power management solutions. Its products serve diverse applications used in carrier, metropolitan, enterprise and PC-client data communications and storage systems.

In its recent chart, MRVL is trading above its higher Bollinger Bands range, a bullish condition signaling that the stock is strong relative to the recent price action. MACD reflects a bullish signal, with the indicator trending above its 9-day moving average signal line, indicating upwardly trending moving averages.

LSI Corp. (NYSE: LSI) Stock Alert – LSI 3ware PCI-e SATA RAID Controller Cards Gets Thumbs up from Post-Production Powerhouse FilmLight

LSI Corp.(NYSE: LSI) shares slipped .22% to $4.63 this morning. The designer, developer and seller of semiconductors and storage systems recently announced that the world’s leading post-production house, FilmLight, has chosen the award-winning LSI(TM) 3ware(R)SATA RAID controller card for FilmLight’s Baselight platform, the company’s high-performance color grading system.

“Many of the largest post-production companies in the industry rely on Baselight for their color grading,” said Mike Grieve, sales director at FilmLight. “Our reputation for performance, capacity and value depends on the quality of the hardware components we use to build the platform. LSI 3ware RAID controller cards continue to be the best choice to help us meet and exceed the performance and protection needs of our customers.”

The LSI 3ware RAID controller cards aid technicians during the demanding and creative process of color grading used in the production of commercials, long-form television and feature films. The Baselight platform offers PC building blocks to customers at a reasonable cost.

“Our customers are creative, artistic types who want to work in real-time. They need the highest-performing color grading system possible, and they want it to work reliably without any technical issues,” added Grieve. “When researching the RAID controller card market, we found that LSI 3ware products are being used by major banks and other large institutions. This, combined with the high level of service and support we receive, is very reassuring.”

Baselight’s real-time 4K performance and 96 terabyte disk capacity allows technicians the luxury of conducting multiple projects of different video formats, saving production time and expense.

“The broadcast and post-production industries depend on technical excellence throughout the entire spectrum of the production process,” said Brent Blanchard, worldwide sales and marketing director, LSI. “Whether it is a high-performance or multi-streaming need, LSI 3ware RAID controller cards will continue to meet the needs of these industries.”

LSI designs, develops and markets semiconductors and storage systems. LSI provides silicon-to-system solutions that are used at the core of products that create, store, consume and transport digital information. It offers a portfolio of capabilities, including custom and standard product integrated circuits used in hard disk drives, high-speed communications systems, computer servers, storage systems and personal computers.

The company also offers external storage systems, host bus adapter boards and software applications for attaching storage devices to computer servers and for storage area networks. LSI operates in two segments: the Semiconductor segment and the Storage Systems segment. During the year ended December 31, 2008, the Semiconductor segment accounted for approximately 67.1% of the company’s revenue and the Storage Systems segment accounted for approximately 32.9% of its revenue.

In its recent chart, LSI is trading above its higher Bollinger Bands range, a bullish condition signaling that the stock is strong relative to the recent price action. MACD reflects a bullish signal, with the indicator trending above its 9-day moving average signal line, indicating upwardly trending moving averages.

TriQuint Semiconductor Inc. (Nasdaq: TQNT) Stock Alert – TriQuint Awarded New Contract from DARPA for Phase III GaN Project

Shares of TriQuint Semiconductor (Nasdaq: TQNT) climbed 1.08% this morning, trading at $5.63. The company recently announced it has been awarded a phase III leadership multi-year contract from Army Research Laboratories (ARL) for further research and development of gallium nitride (GaN). The contract awarded to TriQuint was based on the company’s performance relating to phase II, surpassing goals at the completion of the trial. The contract, funded by Defense Advanced Research Projects Agency (DARPA), is part of the overall program goal of designing and developing new high power, wideband GaN amplifiers for many Department of Defense (DoD) applications.

Phase II of the gallium nitride program began in 2005, with the objective of improving power density, efficiency and device ruggedness of the technology. All three milestones were achieved by the company during phase II, which the company values at $15.8 million. The goals of phase III, valued at $16.5 million, are to extend device reliability for 48V operation, increasing operational lifetime, and extend performance time at higher frequency ranges. The phase III contract is expected to be complete in two years.

“TriQuint is very excited to continue its leadership of a highly qualified team in the development of this technology. In phase II, we developed a high performance, reliable gallium nitride process with excellent reproducibility and high yield,” said Cathy Lee, TriQuint’s phase III program manager. “Since the program began we have achieved key milestones including 48V operation and superb high frequency performance.”

Due to its inherent properties, including high voltage operation, greater power density, and efficiency, Gallium nitride technology is expected to lead the next generation of amplifier semiconductor design of smaller, lighter-weight and power-conserving devices.

TriQuint is a supplier of modules, components and foundry services to communications companies. The company offers different radio frequency (RF) and other intermediate frequency products that address three markets: handsets, networks and military systems.

The company’s products are designed on various wafer substrates, including compound semiconductor materials, such as gallium arsenide (GaAs) and piezoelectric crystals, such as lithium tantalate (LiTaO3).

The company uses technologies using GaAs substrates, including heterojunction bipolar transistors (HBTs) and pseudomorphic high electron mobility transistors (pHEMTs). Using various other substrates the company also manufacture surface acoustic wave (SAW) and bulk acoustic wave (BAW) products.

In its recent chart, TQNT is trading at its higher Bollinger Bands range, a bullish condition signaling that the stock is strong relative to the recent price action. MACD reflects a bullish signal, with the indicator trending above its 9-day moving average signal line, indicating upwardly trending moving averages.

Quicksilver Inc. (NYSE: ZQK) Stock Alert – Quiksilver Shares Plunge on Debt Restructing Deal

Shares of outdoor clothing and equipment maker Quicksilver Inc. (NYSE: ZQK) plunged 9.28% to $2.64 this morning amid fears the company’s new higher-rate loans will choke company profits in the near term.

“We view progress on the refinancing of the business as a positive and see a light at the end of the tunnel for near-term liquidity concerns,” Thomas Weisel Partners LLC analyst Jim Duffy said in a research note. “The cost of financing, however, is daunting.”

Duffy stated the five-year-term $150 million loan from private-equity firm Rhone carries a 15% interest rate and warrants for 20% of the shares priced at $1.86.

Duffy has suspended ratings of Quiksilver while it restructures debt, which presently costs the company $110 million per year, and will rise following renegotiation of the company’s lines of credit in Europe, analyst Jeff Mints of Wedbush, Morgan Securities stated in a note to clients.

Quicksilver designs, produces and distributes branded apparel, wintersports equipment, footwear, accessories and related products. The company’s products are sold in approximately 90 countries in a range of distribution channels, including surf shops, ski shops, skateboard shops, snowboard shops, its concept stores, other specialty stores and select department stores.

The company has three operating segments: Americas, Europe and Asia/Pacific. The Americas segment includes revenues primarily from the United States and Canada. The European segment includes revenues primarily from Western Europe. The Asia/Pacific segment includes revenues primarily from Australia, Japan, New Zealand and Indonesia.

On November 12, 2008, the company sold its Rossignol business, which included the brands Rossignol, Dynastar, Look and Lange.

In its recent chart, ZQK is trading at its higher Bollinger Bands range, a bullish condition signaling that the stock is strong relative to the recent price action. MACD reflects a bullish signal, with the indicator trending above its 9-day moving average signal line, indicating upwardly trending moving averages.

3Com Corp. (Nasdaq: COMS) Stock Alert – 3Com Contracts with Quinnipiac University to Deploy Core-to-Edge H3C Networking Solution

3Com Corp. (Nasdaq: COMS) shares fell 2.52% this morning, trading at $5.03. The company yesterday announced it has contracted with Quinnipiac University to deploy 3Com’s H3C core-to-edge enterprise data networking solutions at the university’s three campuses which serves 8,000 undergraduates and graduate students, faculty and staff.

The Marlborough, Mass.-based company stated in a news release that Quinnipiac University will be outfitted with one of 3Com’s newest products, the H3C(R) Intelligent Management Center (IMC), and will be secured by 3Com’s TippingPoint(R) Intrusion Prevention System.

The campus facilities at the university have experienced explosive growth, said Fred Tarca, associate vice president, information services. Student enrollment and increased network applications created ongoing challenges at the campus, he said, which included a learning management system, video services, institutional ERP and a portal system served from its data center.

“Quinnipiac University is joining enterprises around the world that are realizing the benefits of 3Com’s H3C enterprise networking solutions,” said Alex Dobson, vice president and general manager, North America, for 3Com. “Quinnipiac needed a ‘no-compromise’ LAN infrastructure to complement its campus-wide wireless infrastructure. Our H3C solutions deliver the reliability, performance and security the university needs to ensure its entire network is available for students, faculty and staff at all times at a total cost of ownership that other vendors can’t match. And our experienced, responsive and knowledgeable sales and support teams worked to become trusted advisors to the Quinnipiac team by listening to them and delivering the right solutions to meet their needs now and in the future.”

3Com will provide several H3C(R) S9500 core switches and more than a hundred H3C S5500G edge switches to the three campuses, including the H3C IMC to manage the network. Other service provided by 3Com for the project include project management, deployment, and migration.

3Com provides secure, converged networking solutions on a global scale to businesses of all sizes. The company’s products form integrated solutions and function in multi-vendor environments.

During the fiscal year ended May 30, 2008, it was organized into four segments: H3C Technologies Co., Limited (H3C), Data Voice Business Unit, TippingPoint, and Corporate Expenses.

Its H3C segment is its core for engineering and product development of an array of networking products and solutions, and it sells into the China market.

Its DVBU segment designs and markets networking solutions targeted at customers in developed networking markets, and sells H3C’s products and H3C-sourced networking gear on a worldwide basis.

TippingPoint offers customers’ purpose built appliance security solutions through intrusion prevention systems (IPS), technology and related virus protection services the company calls Digital Vaccine.

In its recent chart, COMS is trading at its higher Bollinger Bands range, a bullish condition signaling that the stock is strong relative to the recent price action. MACD reflects a bullish signal, with the indicator trending above its 9-day moving average signal line, indicating upwardly trending moving averages.

FuelCell Energy Inc. (Nasdaq: FCEL) Stock Alert – FuelCell Beats Second-Quarter Estimates

Reuters reports FuelCell Energy Inc. (Nasdaq: FCEL) posted second-quarter earnings narrower than expected by industry analysts, creating a buying frenzy in the stock. Shares of FuelCell fell 4.55% to $4.61 in today’s early trading.

Shares of FuelCell soared 35% yesterday after the company surprised the Street with much-better-than-expected earnings. Due to lower production costs and other associated expenses, earnings were beter than anticipated earlier in the year, said the maker of fuel-cell power generation plants.

“The credit crisis is creating delays in order flow affecting the company’s cash estimates for the quarter and fiscal year,” the company said in a statement to Reuters.

The company added that cost-cutting measures instituted in February 2009, including a reduction of 6% in its workforce and salary freezes of its non-production level exempt employees contributed to a narrowing in earnings loss.

The company further stated it expects lower-than-anticipated cash needs in 2009.

“We anticipate cash burn to continue through third quarter 2010, albeit at a slower rate,” Raymond James analyst Pavel Molchanov wrote in a note to clients.

FuelCell reported a second-quarter loss from operations of $19.9 million, or a loss of 29 cents per common share, compared with a loss of $25.8 million, or a loss of 38 cents per share, for the same quarter last year.

Revenue reached $23 million for the most recently reported quarter.

Mean analysts’ estimates polled by Thomson Reuters were for revenue to total $27.1 million and a loss of 30 cents per share.

The company also reported its cost-to-revenue ratio for the second quarter was 1.48:1, down 4% from 1.50:1 ratio reported for the same quarter last year. Reductions in research and development (R&D), administration and selling expenses were cited as sources of the better cost-to-revenue ratio in the latest quarter.

Separately, FuelCell stated it has struck a deal with South Korea’s POSCO Power, whereby the power producer will purchase 30.8 megawatts of FuelCell’s modules and components and purchase $25 million of FuelCell’s common stock at $3.59 per share.

Molchanov noted the POSCO deal will contribute to further improvements to the company’s bottom line in the next four quarters.

“While we do not foresee profitability until 2011-2012, rising revenue and margin improvement should lead to a continual narrowing of losses in the next few years,” the analyst said.

FuelCell is engaged in the development and manufacturing of fuel cell power plants for electric power generation. The company’s products have generated over 260 million-kilowatt-hour of electricity and are operating at over 50 locations around the world. The fuel cell products Direct FuelCell or DFC Power Plants offer stationary power generation applications for customers.

In addition to the commercial products, the company develops next generation of carbonate fuel cell and planar solid oxide fuel cell (SOFC) technology. The carbonate DFC power plants electrochemically (without combustion) produce electricity directly from hydrocarbon fuels, such as natural gas and biogas fuels. The company’s customers include manufacturers, mission critical institutions, breweries, food processors and wastewater treatment facilities.

In its recent chart, FCEL is trading at its higher Bollinger Bands range, a bullish condition signaling that the stock is strong relative to the recent price action. MACD reflects a bullish signal, with the indicator trending above its 9-day moving average signal line, indicating upwardly trending moving averages.

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