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ARM (ARMH) -5% thanks to a a downgrade to Equal-weight from Morgan Stanley. "It will be...

  • Tuesday, January 15, 9:30 AM ET
    ARM (ARMH) -5% thanks to a a downgrade to Equal-weight from Morgan Stanley. "It will be difficult for news flow to improve from here, and ARM could still lose sockets here and there," the firm writes: it thinks expectations of mobile computing, micro-server, and telecom infrastructure share gains, and of higher royalty rates thanks to the adoption of its big.LITTLE architecture, are priced in. Piper downgraded ARM yesterday, but shares closed higher nonetheless.
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    The job of sell-side analysts is to generate trades for their employers. "It will be difficult for news flow to improve from here, and ARM could still lose sockets here and there," is something I would expect from a fortune teller.
    15 Jan, 10:33 AM Reply Like
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