Company: Marvell Technology Group, Ltd.

(Reuters) - Chipmaker Marvell Technology Group Ltd <MRVL.O> expects rising Chinese mobile phone sales and a post-Thai flood uptick in the hard-drive market to propel current-quarter results, sending its shares up 5 percent after the bell.

(Reuters) - Chipmaker Marvell Technology Group Ltd's <MRVL.O> first-quarter results beat market expectations, helped by a rebound in the hard-disk market and mobile sales in China.

Stocks extended their losses in the final hour of trading to close near lows Thursday, after Fitch took negative action on Greece's ratings and following several disappointing economic reports.

What tech manufacturers and suppliers have been saying about the impact from heavy flooding in Thailand:

Stocks closed modestly higher Friday, but the Dow and S&P posted their worst weekly loss for the year after investors were rattled over slowdown fears in China and weak economic news from the euro zone.

Stocks finished mixed in another thin, choppy session Friday, as investors were reluctant to commit to the market ahead of the weekend and amid ongoing nervousness over the debt talks in Europe and Washington.

Stocks eased off their worst levels, but still finished lower in another thin, volatile session Thursday as investors sifted through a handful of headlines from the euro zone and after the S&P breached a key technical level.