Up yesterday after beating FQ1 estimates and delivering decent FQ2 guidance, as well as...

|By:, SA News Editor

Up yesterday after beating FQ1 estimates and delivering decent FQ2 guidance, as well as announcing a dividend and new buybacks, Marvell (MRVL -2.2%) is now trading lower. Judging by how hard drive controller customers Seagate (STX -4.3%) and Western Digital (WDC -5.5%) are also selling off, the Street may have wanted hard drive demand to drive more FQ2 upside. Nomura (Reduce) is worried about the margin impact of a mix shift towards mobile baseband chips. (transcript) (also)