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In November Black Box announced that the SEC had launched an informal inquiry relating to its stock-option practices.A few months later, the company announced that it would record added noncash charges for stock-based compensation expense dating back to 1992.The Santa Clara, Calif.-based company, whose chips are used in personal computers, corporate servers and consumer electronic gadgets, joins a growing list of semiconductor companies cutting their revenue expectations, including PMC-Sierra, Xilinx Inc. In Marvell Tech's case, the company blamed weaker shipments in the PC market and excess inventory at its customers that make storage equipment.In a statement, Marvell Tech Chief Executive Officer Sehat Sutardja called the revenue shortfall a "short-term event." Marvell Tech's biggest customers include Western Digital Corp., the world's No.Black Box estimated those charges at million, pretax.In its latest SEC filing, Black Box said it will cooperate with the commission’s investigation.

Its sales are now expected to be 6.6 million, versus its previous outlook of 9.7 million.Further, a special committee recommended that president and chief executive officer Sehat Sutardja step down as chairman after finding that he participated in grants with incorrect measurement dates.The company is searching for three independent directors to fill existing vacancies, one of whom would become chairman, though Sutardja will remain a director.SAN FRANCISCO (Market Watch) - Marvell Technology Group Ltd.late Monday cut its sales outlook and said it plans to restate past financial results due to stock-option accounting errors, sending its shares down 18% in late trading. 6, 2006 (PRIMEZONE) -- Roy Jacobs & Associates announces that it has filed a class action lawsuit in the United States District Court for the Northern District of California on behalf of purchasers of the common stock and other securities of Marvell Technology Group, Ltd.