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Marvell Technology's Shellacking Continues

Stock quotes in this article: MRVL , INTC , STX , WDC  

Investors continued to punish Marvell Technology Group's(MRVL Quote) stock early Tuesday, a day after the company shocked the Street with a double dose of bad news.

Marvell shares sank 14% in midday trading, setting a new 52-week low, in the wake of the chipmaker's news that third-quarter revenue will be less than expected and that the company will restate financial results because of discrepancies in past stock-option grants.

Shares of Marvell closed Monday's regular trading session down 1.4%, or 28 cents, at $19.09. ...

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