ARM (ARMH -3.4%) has opened lower after Raymond James downgrades shares to Outerperform from...

|About: ARM Holdings, plc (ARMH)|By:, SA News Editor

ARM (ARMH -3.4%) has opened lower after Raymond James downgrades shares to Outerperform from Strong Buy - ARM closed near its 52-week high yesterday. Meanwhile, Intel (INTC -2.7%) is lower not only due to H-P's bleak PC and server sales data, but also due to a downgrade to Neutral from UBS, which is worried about the near-term impact of Paul Otellini's May retirement.