Marvell Technology, the Bermuda-based chip company that operates out of Santa Clara, said today that it has agreed to resolve a shareholder class action lawsuit filed in August 2007 related to the way the company granted stock options in the past.
The company will pay $72 million and has decided Read the rest of this entry »
Three founders of Santa Clara semiconductor company Marvell have made researchers and administrators at U.C. Berkeley very happy.
Sehat Sutardja, Weili Dai and Pantas Sutardja have donated a total of more than $20 million of their own money to help complete the new headquarters for the university’s Center for Information Technology Research in the Interest of Society.
Combining the skills of more than 300 researchers, the institute is designed to help industry develop innovative technology to solve social problems.
The three founders contributed equal sums. But at the university’s request, Marvell officials declined to disclose the precise amount of the gift.
Sehat Sutardja is Marvell’s chairman and CEO, Dai is vice president of sales for communications and consumer business, and Pantas Sutardja is chief technology officer.
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