Marvell (MRVL -1.9%) slides after receiving downgrades from Canaccord and Caris. A declining...

|About: Marvell Technology Group, Ltd. (MRVL)|By:, SA News Editor

Marvell (MRVL -1.9%) slides after receiving downgrades from Canaccord and Caris. A declining hard drive market and share losses in the 3G TD-SCDMA baseband chip market will lead to falling estimates, says Canaccord's Bobby Burleson, who now rates Marvell a Neutral. He holds off on rating the company a Sell due to its new dividend.