Embedded Systems Conference
Breaking News
Newest First | Oldest First | Threaded View
<<   <   Page 2 / 2
User Rank
re: Marvell's founders file complaint against Goldman Sachs
mcgrathdylan   3/19/2012 10:24:31 PM
That is correct. What the complaint alleges is that Goldman told the Marvell founders that they had to sell shares of their own company bought with their margin account (borrowed money) to comply with an SEC rule that stocks purchased with margin accounts must be sold when they fall below $5 in value, which Marvell did during 2008. According to the complaint, there is no such SEC rule.

User Rank
re: Marvell's founders file complaint against Goldman Sachs
przemek0   3/19/2012 9:30:25 PM
The article's "marginal call" refers probably to a margin call, i.e. forcing the Marvell guys to sell some of their stock to replenish their cash account. This can happen when they leverage, i.e. borrow money from their broker to buy a lot of stock they expect to go up---but when the stock goes down instead, suddenly the loan-to-equity ratio shoots up and the banking regulations require shoring up of the equity by pumping cash into the client's account, typically by selling. Highly unpleasant but not unexpected. GS probably bought their own shares of NVIDIA with cash so they didn't need to margin call itself. I am no G-S fan, but superficially, this looks like bad risk management, and possibly bad advice rather than fraud.

User Rank
re: Marvell's founders file complaint against Goldman Sachs
fundamentals   3/19/2012 8:43:05 PM
These guys (Goldman executives) should be in prison. If true, this is not just negligence or incompetence, it is fraud.

<<   <   Page 2 / 2

Top Comments of the Week
Like Us on Facebook

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
EE Life
Frankenstein's Fix, Teardowns, Sideshows, Design Contests, Reader Content & More
Max Maxfield

March 28 is Arduino Day -- Break Out the Party Hats!
Max Maxfield
Well, here's a bit of a conundrum. I just received an email from my chum David Ashton who hails from the "Unfinished Continent" Down Under. David's message was short and sweet; all he said ...

Bernard Cole

A Book For All Reasons
Bernard Cole
1 Comment
Robert Oshana's recent book "Software Engineering for Embedded Systems (Newnes/Elsevier)," written and edited with Mark Kraeling, is a 'book for all reasons.' At almost 1,200 pages, it ...

Martin Rowe

Leonard Nimoy, We'll Miss you
Martin Rowe
Like many of you, I was saddened to hear the news of Leonard Nimoy's death. His Star Trek character Mr. Spock was an inspiration to many of us who entered technical fields.

Rich Quinnell

Making the Grade in Industrial Design
Rich Quinnell
As every developer knows, there are the paper specifications for a product design, and then there are the real requirements. The paper specs are dry, bland, and rigidly numeric, making ...

Special Video Section
After a four-year absence, Infineon returns to Mobile World ...
A laptop’s 65-watt adapter can be made 6 times smaller and ...
An industry network should have device and data security at ...
The LTC2975 is a four-channel PMBus Power System Manager ...
In this video, a new high speed CMOS output comparator ...
The LT8640 is a 42V, 5A synchronous step-down regulator ...
The LTC2000 high-speed DAC has low noise and excellent ...
How do you protect the load and ensure output continues to ...
General-purpose DACs have applications in instrumentation, ...
Linear Technology demonstrates its latest measurement ...
Demos from Maxim Integrated at Electronica 2014 show ...
Bosch CEO Stefan Finkbeiner shows off latest combo and ...
STMicroelectronics demoed this simple gesture control ...
Keysight shows you what signals lurk in real-time at 510MHz ...
TE Connectivity's clear-plastic, full-size model car shows ...
Why culture makes Linear Tech a winner.
Recently formed Architects of Modern Power consortium ...
Specially modified Corvette C7 Stingray responds to ex Indy ...
Avago’s ACPL-K30T is the first solid-state driver qualified ...
NXP launches its line of multi-gate, multifunction, ...
EE Times Senior Technical Editor Martin Rowe will interview EMC engineer Kenneth Wyatt.
Flash Poll