ARM Holdings (ARMH). The company reported strong licensing of its chip designs in the third quarter, helping it beat market expectations and offset current weak demand in consumer electronic markets ahead of the holiday season. It reported a 44 percent rise in pretax profit to 55.8 million pounds on revenue up 20 percent to 120.2 million pounds. The company reported earnings of 3.05 pence per share.
ARMH's technology is a major component of the iPad.
Tuesday, October 25, 2011
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