Why Weili Dai thinks Marvell will rule the world
Last weekend I featured Weili Dai, co-founder of Marvell, in the Times’ weekly “How I Made It.”
The profile looked at her road to success, but Dai also discussed the state of the company she co-founded with her husband in the mid-1990s.
Things have not been entirely smooth at Marvell the last two years.
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Revenue for the fiscal year ending in January declined for the second straight year, as did profits. The stock has been cut roughly in half during that time, though it has been recovering a bit since fall.
Marvell has been a leader in digital storage products, such as hard disk drives, and networking hardware. But those products have been in decline. However, the company has been building up the other half of its business that focuses on mobile communications such as smarpthones and tablets, smart TVs, set-top boxes and Blu-ray players.
Dai argues that Marvell’s investments in these areas will make the company a leader in providing technology that consumers and business want to fuel a whole ecosystem of products that cater to their “always-connected, on-demand” appetites. “We’ve got the full McGuyver bag of products to drive the new digital lifestyle,” she said. “We’re very, very hopeful about the growth potential for these markets.”
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