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MarketMinute.com Stock News
October 19, 2012 at 13:07 PM EDT
Marvell Cuts Guidance
Marvell Technology Group Ltd. (
) cut its third quarter revenue guidance and announced the resignation of chief executive officer Clyde Hosein prompting downgrades sending the stock price tumbling $1.25 to $7.58.
Marvell Technology Group Ltd
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