Apple is sitting on a heap of cash – more than $40 billion at last count – and the big question has been what the company will do with it. Investors in London this week are buzzing about one possibility: It might buy ARM.
ARM (ARMH) shares have shot up this week on the speculation, bringing them to levels they haven't seen since 2002. As of now, it looks like it MOREJon Fortt - Apr 22, 2010 1:09 PM ET
It's 9:30 A.M. on a Friday in Cambridge, England, and ARM CEO Warren East looks annoyed. Bloomberg has just reported that UBS has downgraded his company's stock to a sell. The news is plausible, since ARM (which used to stand for Advanced RISC Machine) depends on the troubled cellphone market. But it turns out that Bloomberg simply got the wrong ARM. "They confused us with a South African mining company" MOREJon Fortt - Jul 16, 2009 11:00 AM ET
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