Sehat Sutardja, Chairman and CEO of Marvell Technology Group, speaks at the Reuters Global Technology Summit New York May 18, 2009. REUTERS/Brendan McDermid
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(Reuters) - Chipmaker Marvell Technology Group Ltd's quarterly profit fell 38 percent on lower sales to hard drive makers as PC sales declined.
Net income fell to $50 million, or 9 cents per share, in the fourth quarter ended February 2 from $81 million, or 13 cents per share, a year earlier. Excluding items, it earned 19 cents per share.
Revenue rose 4 percent to $775 million.
(Reporting by Neha Alawadhi in Bangalore)
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