Feeds

Update; Acorn, Apple sell-off prompts ARM stock fall

We got the details this time

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

ARM's share price fell 65p to 845p, a fall of 7.1 per cent, following a secondary placing of 6.5 million shares at 800p organised by Morgan Stanley Dean Witter. The shares fell again Thursday to 810p. Acorn and Apple, ARM's two major shareholders used the occasion for a little profit taking. Acorn flogged 600,000 shares realising £4.8 million, net of taxes. Venture capitalist Nippon Investment cashed in its entire 4.3 per cent stake. While Apple lopped 6.3 per cent of its 26 per cent stake. It now owns 24.6 per cent. ARM directors had their fill too. CEO Robin Saxby and family cashed in 227,907 shares, grossing £1.823 million. Director James Urquhart flogged 70,000 shares, pulling in £560K. Finance Officer Jonathan Brooks and family grossed 240K, with their sale of 30,000 shares. This is how capitalism is supposed to work. Saxby and co are building a successful business, so more power to their cash-dipping elbows. We trust they have sercured the services of a competent tax consultant. Acorn retains 24.61 per cent of ARM. This could remain a nice little piggy bank for years to come. More likely, the company will flog the entire lot of,just as soon as it gets the market to buy into its Digital TV solutions message. Which could take some time. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?