PREMARKET ALERT: ARM Holdings (ARMH)

Posted in General 
July 29th, 2009

ARM Holdings plc (Nasdaq: ARMH) shares are down more than 4 percent to $6.52 in very active premarket trading of more than 63,000 shares as of 8:10 a.m. Eastern. The chip design company reported second-quarter sales that fell 18 percent quoted U.S. dollars to $105.5 million. Analysts at UBS subsequently downgraded the stock to Neutral from Buy. — Mike Tarsala

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