Wednesday, October 27, 2010

NASDAQ 3 Most Active Stocks (MRVL, RFMD, SIMG)

Marvell Technology Group Ltd. (NASDAQ: MRVL) shares rallied in today's trading. The stock ended the day 6.80% higher at $18.70, on above average volume of 28.89 million. It touched an intra-day high of $18.82. Today, the company announced the integration of Jungo’s OpenRG residential gateway software and Marvell’s AVANT application Gateway–on-a-Chip. RF Micro Devices Inc. (NASDAQ: RFMD) saw a huge rally in today's trading. The stock touched a 52-week high of $7.44, and finished the day 15.23% higher at $7.34, on above average volume of 27.53 million. Today, the company announced that it has been awarded a $1.5 million R&D contract by the Office of Naval Research related to gallium nitride microelectronics, including the development of materials, device fabrication and high power circuits. The company also reported record results for its second quarter. Silicon Image Inc. (NASDAQ: SIMG) shares jumped more than 30% in today's trading. The stock touched a 52-week high of $6.57, and finished the day 35.82% higher at $6.18, on above average volume of 12.25 million. Yesterday, the company announced its results for fiscal quarter ended September 30, 2010, with revenues at $60.5 million, as compared to $37.2 million for previous year. The net income was $9.5 million, or $0.12 per diluted share. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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