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Updated from 11:59 a.m. EDT
Tech stocks were flat Friday, weighed by sinking Marvell Technology Group(MRVL Quote).
The chipmaker lost 11.8%, after reporting it had swung to second-quarter loss Thursday, after the bell. Marvell lost $56.5 million, or 10 cents a share, compared with income of $44.9 million, or 7 cents a share, in the year-ago period. Excluding stock option compensation expenses, the company earned 6 cents a share, meeting Wall Street's expectations. Shares dipped $2.10 to close at $15.75.
Marvell's fall weighed on the Nasdaq 100 but was offset by Apple's(AAPL Quote) 3.2% rise to $135.30. The index was up 29.5 points to about 1961. ...
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