NEW YORK ( TheStreet) -- Stocks that have posted year-to-date gains of more than 60% aren't often considered undervalued, but Marvell (MRVL - Get Report), after having a brutal 2012 and losing more than 50% of its value, hasn't exactly been an easy company to understand.While Marvell has made some questionable decisions, such as pursuing markets in areas like Chinese mobile and wireless, the semiconductor giant also has what I consider to be a very underrated applications segment in markets for solid-state drives (SSD). This is an area where it competes with leaders like Micron (MU), which has shown tremendous growth. Not to mention, Marvell also has a strong network processing segment where management has been doing better than holding its own against the likes of Cisco (CSCO).
It's No Time to Abandon Marvell
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