The market is crashing due to Fiscal cliff uncertainties and possible recession coming back due to that.
MRVL is always doomed to release ER on bad timing.
It might be that ER news has leaked out too.
I would not buy this junk until you see a confirmed bottom signal. If stock stays flat tomorrow or goes up it might be it but i would wait a few weeks for better confirmation.
too bad they didn't know this when they scheduled earnings months ago. sheesh.
yeah, it dropped from 8.25 to 7.50 and yesterday got hammered. sure they leaked. nvda dropped from 13's to 11's. mrvl will be below 7 tomorrow in this market if they don't say something good.