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Marvell Hints at Tech Turnaround

Stock quotes in this article: MRVL , INTC , LSI , WDC , DELL  

(Updates stock prices throughout)

Chipmaker Marvell(MRVL Quote) offered a hint that the tech sector is poised to rebound Monday, raising its second-quarter revenue forecast.

The Santa Clara, Calif.-based firm now expects sales between $600 million and $630 million, compared to its earlier projection of $540 million to $580 million.

As a key component manufacturer, Marvell's improved outlook could bode well for the broader tech sector, which has suffered during the global economic slowdown. ...

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